catperson46 catperson46

13-09-2022
Mathematics

Answered

Britta has been accepted into a 2-year Medical Assistant program at a career school. She has been awarded a $5,000 unsubsidized 10-year federal loan at 4.29%. She
knows she has the option of beginning repayment of the loan in 2.5 years. She also knows that during this non-payment time, interest will accrue at 4.29%.
How much interest will Britta accrue during the 2.5-year non-payment period?

Answer :

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