Mathematics, 08.12.2020 03:10 jessemartinez1

Rhett is about to begin college (4-year) and has received a 10-year $8,500 Federal Direct Unsubsidized Loan with an interest rate of 6.2%. He will be required to begin making payments six months after graduation. If Rhett decides to capitalize the interest (which totals $2,371.50) from the time he receives the funds until he begins making payments in 4.5 years, how much total interest would he pay on this loan?

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Rhett is about to begin college (4-year) and has received a 10-year $8,500 Federal Direct Unsubsidiz...