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Mathematics, 28.01.2020 11:31 ophanteen

edgar has taken out a $6,250 unsubsidized stafford loan to fund his four-year undergraduate degree. the loan has a duration of 10 years and an interest rate of 6.1%, compounded monthly. how much interest capitalization will have accrued by the time edgar graduates? round all dollar values to the nearest cent.
answers:

a. $1,670.30

b. $1,722.22

c. $664.35

d. $1,524.96

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Answers: 1

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edgar has taken out a $6,250 unsubsidized stafford loan to fund his four-year undergraduate degree....
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