TheJag18:
(Student Loans MC) A student is graduating from college in 12 months but will need a loan in the amount of $9,529 for the last two semesters. The student may receive either an unsubsidized Stafford Loan or a PLUS Loan. The terms of each loan are: Unsubsidized Stafford Loan: annual interest rate of 5.95%, compounded monthly, and a payment grace period of six months from time of graduation PLUS loan: annual interest rate of 6.55%, compounded monthly, with a balance of $10,172.23 at graduation Which loan will have a lower balance, and by how much, at the time of repayment? The Stafford loan will have a lower balance by $244.04 at the time of repayment. The PLUS loan will have a lower balance by $244.04 at the time of repayment. The Stafford loan will have a lower balance by $431.17 at the time of repayment. The PLUS loan will have a lower balance by $431.17 at the time of repayment.
Thayes:
The Stafford loan will have a lower balance by $244.04 at the time of repayment
Join our real-time social learning platform and learn together with your friends!
Alanaaaaaaa:
I used to live like there was only me, but now all I do is spend my time thinking about how to get you out of my head.
Manny300303199:
Happy Early Birthday to @euphoriiic. Hope you have hella fun on your birthday (may 7th).
hiiiiiiiiiiiii:
Describe the significance of the following progressive reforms: Initiative, recall, referendum, direct election of senators, reform of labor laws, and effor
velmalovesshaggy145:
A Future Unknown(Class of 2024) In the shadows of graduationu2019s light, I tremble at the thought of the futureu2019s sight.
