A student loan program allows college students to borrow money at 7 percent annual interest
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Mathematics, 21.03.2020 21:13 sebby33
A student loan program allows college students to borrow money at 7 percent annual interest
compounded monthly. Students do not need to start paying off the loan until they graduate, but the loan
continues to accumulate interest owed during that time. If a student borrows $35,000, how much interest has
accumulated by the time the student graduates four years later?
Answers: 2
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