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please use (MILPF) table Noah took out $20,741 in private student loans at 14 percent APR. His cousin Ava took out the same amount of
please use (MILPF) table
Noah took out $20,741 in private student loans at 14 percent APR. His cousin Ava took out the same amount of student loans, but she got a federal student loan with an APR of 4.75 percent. What is the difference in the amounts Noah and Ava will pay for their student loans (over 10 years), assuming the interest starts accumulating on the same day? Click on the table icon to view the Monthly Installment Loan Payment Factor (MILPF) table BB The total amount Noah will pay for his student loan is $ (Round to the nearest cent.)Step by Step Solution
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