Business, 02.02.2022 21:20 Monk3273

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 unsubsidized than if the loan is subsidized? Round all dollar values to the nearest cent. A. $35. 05 b. $45. 94 c. $96. 96 d. $63. 52.

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Viola took out a $8,470 Stafford loan at the beginning of her four-year college career. The loan has...