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Business, 27.08.2020 06:01 Violinartist7267
Sebastian has just graduated after four years of university. He took out an unsubsidized Stafford loan worth $8,180 to help pay for his tuition. The loan has a duration of ten years. If the loan has an interest rate of 5.3%, compounded monthly, how much interest capitalization has occurred by the time he graduated? Round all dollar values to the nearest cent.
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Answers: 3
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Sebastian has just graduated after four years of university. He took out an unsubsidized Stafford lo...
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