=
In the monthly payment formula M
for rif the interest rate is 6.3%?
Pr(1+r)"
-, what value would you put
(1+r) -1 W

Ricky takes out a $31,800 student loan to pay his expenses while he is in college. after graduation, he will begin making payments of $190.66 per month for the next 30 years to pay off the loan. how much more will ricky end up paying for the loan than the original value of $31,800? ricky will end up paying $ more than he borrowed to pay off the loan.