1. A student obtains a loan for $8,450. How much money does the student actually receive, assuming...

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1. A student obtains a loan for $8,450. How much money does the student actually receive, assuming a loan fee of 1.09%? (Round your answer to the nearest cent.)

2. Angelica received a 12-year non-subsidized student loan of $13,000 at an annual interest rate of 5.8% (compounded monthly). Determine her monthly payment on the loan after she graduates in 4 years. (Round your answer to the nearest cent.)

3. Briana received a 10-year subsidized student loan of $28,000 at an annual interest rate of 4.875%. Determine her monthly payment (in dollars) on the loan after she graduates in 2 years. (Round your answer to the nearest cent.)

Posted Date: May 10, 2024 02:02 AM

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1. A student obtains a loan for $8,450. How much money does the student actually receive, assuming...

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