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Scenario 1: A student receives a subsidized student loan for $10,000 with a 10 -year repayment term and interest compounded monthly. Six months after she
Scenario 1: A student receives a subsidized student loan for $10,000 with a 10 -year repayment term and interest compounded monthly. Six months after she graduates from college, she will hove to begin making payments. Find her monthly poyment and total interest paid if the interest rote is 5.5%
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