say, if a loan of $ 50,000 per year by the Bank on a student loan (eg rate) 8%, goes to college. and stay in school for 8 years (bottom + top). How much money total owed to the bank after graduation, I?

More details
and u plz show how to calculate
Thanks

Answer

Good 1 of everything you ever be able to borrow so much money that more than 400,000 U.S. dollars for 8 years. I work for an administrator of student loans and have never had a loan of more than U.S. $ 500,000 that was paid one of the parents of several children go to school and 10 + years of interest. But it would be good, it is difficult to calculate exactly, for obvious reasons, but they have $ 50,000 in the first year, interest at 8% = $ 4,000 per year for 8 years. This was the first installment of 50,000 would be only 32,000 dollars of interest for the time you're done. The following year, would be an additional 50,000 U.S. dollars at an interest rate of 8% over 7 years $ 28,000, and so on. The total approximate (if my calculations are correct, I would) to $ 532,000. Good luck with that!