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Ted is a freshman attending a 4-year college. He has been approved for an $8.000 subsidized federal loan at 4.29% for 10 years. How much will the U.S. Department of Education su…

Ted is a freshman attending a 4-year college. He has been approved for an $8.000 subsidized federal loan at 4.29% for 10 years. How much will the U.S. Department of Education su…
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Ted is a freshman attending a 4-year college. He has been approved for an $8.000 subsidized federal loan at 4.29% for 10 years. How much will the U.S. Department of

Education subsidize in interest costs during his 4.5-year non-payment period?

asked
User Suresh
by
8.4k points

2 Answers

5 votes

Answer:

12.17634

Explanation:

answered
User Roberto Langarica
by
8.6k points
3 votes

Answer: $1,544.40

Step-by-step explanation: It just is

answered
User Uxcxdx
by
8.3k points
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