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OpenStudy (anonymous):
Emmett is graduating from college in six months, but he will need a loan in the amount of $2,350 for his last semester. He may either receive an unsubsidized Stafford Loan with an interest rate of 6.8%, compounded monthly, or his parents may get a PLUS Loan with an interest rate of 7.8%, compounded monthly. The Stafford Loan has a grace period of six months from the time of graduation. Which loan will have a higher balance and by how much at the time of repayment?
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OpenStudy (anonymous):
What is the answer?
OpenStudy (anonymous):
i need this too >.<
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