Question

Bertha took out a subsidized student loan of $14,250 at an 8.4% APR,

compounded monthly, to pay for her last 2 semesters of college. If she will
begin paying off the loan in 15 months, how much will she owe when she
begins making payments?

Answer 1

$14,250.00, Since the government is responsible for the interest on the loan that accrues before Bertha starts making payments

Explanation:

Well, was looking for the answer but could't find it. So I just guessed and got it correct. So here y'all go. :)