Question
You have $15,000 in student loans. The interest of $1,000 accrued while you were in school. Both subsidized and unsubsidized loans have the same
You have $15,000 in student loans. The interest of $1,000 accrued while you were in school. Both subsidized and unsubsidized loans have the same rate of 5% and have the same term of ten years with monthly payments. Assume you begin repayment now that you graduated. Show your work. What is the difference in total interest between the subsidized and unsubsidized loans?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
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