Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years after taking out the loan. If the loan has an interest rate of 6.8%, compounded monthly, and Gertrude makes monthly payments, how much interest will she pay by the time the loan is repaid? Round all dollar values to the nearest cent. The answer is D i thought it was A but no it is D
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years after taking ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Write 9855 in expanded form
Answers (2)
The graphs of the two lines 4x=3y+23 and 4y+3x=-19 A. Do not intersect B. Are identical C. Intersect at (-2,5) D. Are perpendicular
Answers (1)
Graph the function - 2 - 1
Answers (1)
Is 13/16 bigger than 1 inch
Answers (1)
Solve for x. x2 - 2x = 0 A. 0,-2 B. 0,2 c. 1, - 2 D. 1.2
Answers (1)
New Questions in Mathematics
The ratio of North American Butterflies to South American butterflies at a butterfly park is 7:4. The ratio of South American butterflies to European butterflies is 4:3. There are 84 North American butterflies at the butterfly park.
Answers (1)
73+55=52+n what does n equate?
Answers (2)
Luna had $50 when she go to the carnival. After riding 12 rides, she had $26 left. What was the price for each ride? What equation could be used to represent this situation?
Answers (1)
702 miles - 150 miles
Answers (2)
Write a word phrase can you use to represent and algebraic expression 3m
Answers (1)