Mathematics, 03.02.2021 06:30 tinyturtles
Olivia has taken out a $31,100 unsubsized Stafford Loan to pay for her college education. She plans to graduate in four years. The loan has a duration of ten years and an interest rate of 7.6% compounded monthly. By the time Olivia graduates, how much greater will the amount of interest capitalized be than the minimum amount that Olivia could pay to prevent interest capitalization? Round all dollar values to the nearest cent.
A) $654.45
B) $477.27
C) $955.60
D) $354.22
Please explain this to me I am so lost.
Answers: 2
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On a piece of paper, graph y< x+1. then determine which answer matches the graph you drew.
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Olivia has taken out a $31,100 unsubsized Stafford Loan to pay for her college education. She plans...
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