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To offset college expenses, at the beginning of your freshman year you obtain a nonsubsidized student loan for $20,000. Interest on this loan accrues at

To offset college expenses, at the beginning of your freshman year you obtain a nonsubsidized student loan for $20,000. Interest on this loan accrues at a rate of 4.11% compounded monthly. However, you do not have to make any payments against either the principal or the interest until after you graduate

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