COLLEGE PROJECT
david ngouambeu
Texas at Austin iniversity
Total cost for 1 year:$26,342
interest rate and number of years:6%,7 years
monthly payment:$384.88
total cost of loan:$384.88*12*7=$32,329.93
total interest:$5,983.93
smu
Total cost for 1 year:$45,940
interest rate and number of years:6%,7 years
monthly payment:$671.12
total cost of loan:$671.12*12*7=$56,374.08
total interest:$10,434.08
tcc
Total cost for 1 year:$14,446
interest rate and number of years:6%,7 years
monthly payment:$211.04
total cost of loan:$211.04*12*7=$17,727.36
total interest:$3,281.36
duke
Total cost for 1 year:$55,872
interest rate and number of years:6%,7 years
monthly payment:$816.20
total cost of loan:$816.20*12*7=$68,560.8
total interest:$12,688.8