Mathematics, 22.12.2020 03:50 Anabel818

Matthew is graduating from college in two years, but he will need a loan in the amount of $21,059 for his last four semesters. He may either receive an unsubsidized Stafford Loan with an interest rate of 6.8%, compounded monthly, or his parents may obtain a PLUS Loan with an interest rate of 7.8%, compounded monthly. The Stafford Loan has a grace period of six months from the time of graduation. Which loan will have a higher balance at the time of repayment and by how much? (4 points) The PLUS Loan has a higher balance by $627.73.

The PLUS Loan has a higher balance by $484.23.

The Stafford Loan has a higher balance by $831.71.

The Stafford Loan has a higher balance by $347.47.

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 16:00, anthonyjackson12aj

What are the measures of ∠a, ∠b, ∠c and ∠d? explain how to find each of the angle measure.

Answers: 1

continue

Mathematics, 21.06.2019 18:00, nanny2204p4ipj9

Acompany wants to reduce the dimensions of its logo by one fourth to use on business cards. if the area of the original logo is 4 square inches, what is the area of the logo that will be used on the business cards?

Answers: 1

continue

Mathematics, 21.06.2019 18:50, anthonylemus36

Jermaine has t subway tokens. karen has 4 more subway tokens than jermaine. raul has 5 fewer subway tokens than jermaine. which expression represents the ratio of karen's tokens to raul's tokens

Answers: 1

continue

Mathematics, 21.06.2019 22:20, abbygriffin8575

Which graph has figures that can undergo a similarity transformation to justify that they are similar? (obviously not the third one)

Answers: 2

continue

You know the right answer?

Matthew is graduating from college in two years, but he will need a loan in the amount of $21,059 fo...