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You just took out a student loan today in the amount of $10,000 with the 5.5% annual interest rate.You will be in school next four
You just took out a student loan today in the amount of $10,000 with the 5.5% annual interest rate.You will be in school next four years and you do not have any obligation to make payments until you graduate while the interest accumulates. How much will you owe in four years when you start making payments?
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