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Often, through government - supported programs, students may obtain bargain interest rates such as 6 % or 8 % to attend college. Frequently, payments are
Often, through governmentsupported programs, students may obtain "bargain" interest rates such as or to attend college. Frequently, payments are not due and interest does not
accumulate until the student stops attending college. A student has borrowed $ at an annual interest rate of Calculate the amount of interest due month after the student must begin payments.
The interest due is $
Round to the nearest cet
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