Mathematics, 16.02.2021 21:00 okme

1. Reyna went to college and took out a student loan. While in college, no payments are made but the interest still accumulates on the original amount every year. After 2
years of being in school, Reyna saw that she owed $17,505.69. She continued her
schooling, went on to get her Master's degree and then PHD. After 10 years of being in
school and not making any payments, she looked at her statement again and she now
owes $27,901.41.
a. What is the multiplier in this situation?
b. What is the interest rate that Reyna is paying on her school loans?
c. How much money was her original loan?

Answers: 1

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1. Reyna went to college and took out a student loan. While in college, no payments are made but th...