Mathematics, 23.03.2021 15:30 sarahgoff
PLEASE HELP 30 POINTS
Mia has been accepted into a 2-year Medical Assistant program at a career school. She has been awarded a $5,000 unsubsidized 10-year federal loan at 2.19%. She knows she has the option of beginning repayment of the loan in 2.5 years. She also knows that during this non-payment time, interest will accrue at 2.19%.
Suppose Mia only paid the interest during her 2 years in school and the six-month grace period. How much interest did she pay during her 2 years in school and the six-month grace period? Mia has been accepted into a 2-year Medical Assistant program at a career school. She has been awarded a $5,000 unsubsidized 10-year federal loan at 2.19%. She knows she has the option of beginning repayment of the loan in 2.5 years. She also knows that during this non-payment time, interest will accrue at 2.19%.
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PLEASE HELP 30 POINTS
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