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My students loans were deferred for 6 months after I graduated. This means I didn't have to make payments, but interest still accrued at 3.46%
My students loans were deferred for 6 months after I graduated. This means I didn't have to make payments, but interest still accrued at 3.46% compounded monthly. If the balance of my student loans was $16,500 when I graduated, how much interest was accumulated during this deferred period?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
