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Homework 2-6 Question 3 of 9 (1 point) | Question Attempt: 1 of 3 If you need to take out a $50,000 student loan 2
Homework 2-6 Question 3 of 9 (1 point) | Question Attempt: 1 of 3 If you need to take out a $50,000 student loan 2 years before graduating, which loan option will result in the lowest overall cost to you: a subsidized loan with 7.5% interest for 10 years, a federal unsubsidized loan with 6.4% interest for 10 years, or a private loan with 5.0% interest and a term of 15 years? How much would you save over the other options? All payments are deferred for 6 months after graduation and the interest is capitalized. Part 1 of 5 (a) Find the total cost of the subsidized loan. (b) find the total cost of the federal unsubsidized loan.
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