destinydameron destinydameron

24-09-2022
Mathematics

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Hual takes out a $3200 student loan at 6.8% to help him with 2 years of community college. After finishing the 2 years, he transfers to a state university and
borrows another $12,100 to defray expenses for the 5 semesters he needs to graduate. He graduates 4 years and 4 months after acquiring the first loan and
payments are deferred for 3 months after graduation. The second loan was acquired 2 years after the first and had an interest rate of 7.1%. Find the total
amount of interest that will accrue until payments begin if the first loan is subsidized and the second is not. (need answer asap).

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