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

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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

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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

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