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?

Question

anonymous · Answer

I really need help!


Joanna pays a flat rate of $74 for her cell phone and is charged $0.08 for every text she sends. Her goal is to spend no more than $96 on her phone bill each month. Which inequality will help her determine the minimum number of texts she sends per month?

usukidoll · Answer

you could just tell the student to get a job through work study

usukidoll · Answer

the higher the interest rate, the worse it gets.