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intrest rate is 6.8% 2. For that $6,500 student loan we've been working with: If you start school in August, graduate in May (3 years
intrest rate is 6.8%
2. For that $6,500 student loan we've been working with: If you start school in August, graduate in May (3 years and 9 months later), and payments begin 6 months after graduation, a. How much time will pass while interest is accruing? Years and Months b. The three months are: with Month 1 is days Month 2 is with days Month 3 is with , days c. How much total interest accrues before payments begin? 3. For the 10-year student loan we've been working with, determine: a. What is the principal amount at the time payments begin? (This includes the original amount borrowed, plus the amount of interest that accrued until payments started.) Step by Step Solution
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