MAT$130$ Final Exam Review

$6.$ A student borrows $$11,000$ to pay for their associate's degree using an unsubsidized student loan at $5\mathrm{.}05\%$ interest. Assume a $10$ year loan.

e$.$ Find the amount of interest that accrues if the first payment is due after $2\mathrm{.}5$ years after taking the loan.

f$.$ If her loan is a $10$ year loan, what will be the monthly payments assuming all conditions from a$.$

g$.$ What is the total cost of the student's education?

h$.$ Is the cost of financing her worth it$?$ Explain your reasoning.

$120$