Based on a constant net price of $4,000, the student will owe $16,985.86 at her graduation in 4 years.
The net price is the estimate of the actual cost to cover your education expenses. The net price is college's annual cost of attendance minus the student grants, scholarships, tuition waivers for one year of college. The net price excludes student loans.
N (# of periods) = 4 years
I/Y (Interest per year) = 4%
PV (Present Value) = $0
Constant net price = $4,000
Students loan rate = 4%
College years = 4 years
Future value of loan = $16,985.86
Sum of all periodic payments = $16,000.00
Total Interest = $985.86
Thus, based on a constant net price of $4,000, she will owe $16,985.86 at her graduation in 4 years.
Learn more about the net price of college costs here: https://brainly.com/question/25033971
