Mathematics, 21.06.2021 01:20 Fashiondiva88
Determine which of the following student loan plans would cost the least interest over the course of 10 years:
a) Two loans. One $6,000 subsidized loan at a 5% annual interest rate, compounded monthly, and a $7,000 unsubsidized loan at a 2% annual interest rate, compounded monthly.
Both the loans from part a) but refinanced at an unsubsidized 3.1% annual rate, compounded daily.
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Determine which of the following student loan plans would cost the least interest over the course of...
Mathematics, 02.03.2020 16:48