Question $12$

$\frac{0}{3\mathrm{.}13}$ pts

When she graduated from college, Maria was able to defer payment on her $$40,000$ student loan for $6$ months. However, the government was no longer paying for the interest on her loan so it was a$$ided to the principal until her payments began. The annual interest rate was $6\%$ and interest was compounded monthly.

What formula would you use to figure out the amount of her loan when she began to repay it$?$

$$ the maturity value for simple interest formula

the effective interest rate formula

the compound growth formula

the amortization payment formula