AmaryaRae AmaryaRae

20-02-2017
Mathematics

Answered

Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years after taking out the loan. If the loan has an interest rate of 6.8%, compounded monthly, and Gertrude makes monthly payments, how much interest will she pay by the time the loan is repaid? Round all dollar values to the nearest cent. The answer is D i thought it was A but no it is D

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MissPhiladelphia MissPhiladelphia

28-02-2017

For the answer to the question above asking how much interest will she pay by the time the loan is repaid if Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years.?
the answer is 2,094.80 is the correct answer to this question

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