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Edward is attending school and had a financial emergency. He contacted his school's financial aid office and asked about a subsidized student loan, Edward's school

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Edward is attending school and had a financial emergency. He contacted his school's financial aid office and asked about a subsidized student loan, Edward's school facilitates these loans and determined that Edward qualifies for a $270 loan. Edward is able to repay the loan over the next 12 months while he is still in school. How much interest will Edward pay on this loan? $0 because interest on subsidized loans does not accrue until Edward stops attending school. $13.50 because the interest rate is 5%. $6.75 because Edward has been making payments on the loan. None of the answer choices are correct

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