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After four years in college, Josie owes $65,800 in student loans. The interest rate on the federal loans is 4.5% and the rate on the
After four years in college, Josie owes $65,800 in student loans. The interest rate on the federal loans is 4.5% and the rate on the private bank loans is 2%. The total interest she owes for one year was $2,778.50. What is the amount of each loan?
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