Ursula took out an unsubsidized stafford loan to pay for her first of her four years at college. the loan had a principal of $6,400, an interest rate of 6.9% compounded monthly. after college, ursula started making monthly payments over a 10 year period on her loan. what percentage of the total cost of the loan is the finance charge?
a.
45.25%
b.
27.91%
c.
43.50%
d.
82.66%

The academic affairs council is the highest expert body processing academic affairs, as stipulated by the university statutes. specialist aaro häkkinen (educational policy) took part in the council’s meeting. the agenda of the meeting included bachelors’ feedback, the timing of pedagogical studies, the grant system for tuition fees, the standardisation of administrative practices for internships and the situation of foreign-language and multilingual master’s programmes.