Mathematics, 03.02.2021 05:50 DragonWarrior203
Viola took out a $8,470 Stafford Loan at the beginning of her four-year college career. The loan has a duration of ten years and an interest rate of 7.5%, compounded monthly. How much more will Viola's monthly payment be if the loan is subsidized. Round all dollar values to the nearest cent.
A) $35.05 THIS ONE
B) $45.94
C) $96.96
D) $63.52
Explain it.
Answers: 1
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Viola took out a $8,470 Stafford Loan at the beginning of her four-year college career. The loan has...
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