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Mathematics, 13.12.2021 22:00 Lingz

Kate took out a subsidized Stafford loan worth $9,710 to pay for college. The interest rate on the loan was 5. 9%, compounded monthly. It took Kate 5 years to pay off the loan after graduation. What portion of the total amount she paid represented the interest? a. $11,236. 22 b. $9,710. 00 c. $1,526. 22 d. $2,942. 37.

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Kate took out a subsidized Stafford loan worth $9,710 to pay for college. The interest rate on the l...

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