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Unit 6 Lab Homework Question 4 of 10 (1 point) | Question Attempt: 1 of Unlimited Rebecca Espa 2 5 6 7 8 9 10

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Unit 6 Lab Homework Question 4 of 10 (1 point) | Question Attempt: 1 of Unlimited Rebecca Espa 2 5 6 7 8 9 10 If you need to take out a $50,000 student loan 2 years before graduating, which loan option will result in the lowest overall cost to you: a subsidized loan with 6.5% interest for 10 years, a federal unsubsidized loan with 5.5% interest for 10 years, or a private loan with 7.0% interest and a term of 16 years? How much would you save over the other options? All payments are deferred for 6 months after graduation and the interest is capitalized. Part: 0 / 5 Part 1 of 5 M (a) Find the total cost of the subsidized loan. The total cost of the subsidized loan is $ Round your answer to two decimal places, if necessary. X

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