Business, 28.02.2020 19:57 BlueWaaaazzzBerry

You have saved $2500 for school this semester. Although you had hoped that this savings would cover all of your school expenses, you know that in all likelihood you will need to incur a student loan to cover expenses that exceed what you have saved. If you do incur a student loan, the money you receive from the loan will be reduced by a 1.5% origination fee charged by the lender. Complete the model to calculate the loan amount that you will need to incur to cover all of your school expenses including the loan fee.

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