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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
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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?

User Suresh
by
7.3k points

2 Answers

5 votes

Answer:

12.17634

Explanation:

User Roberto Langarica
by
7.4k points
3 votes

Answer: $1,544.40

Step-by-step explanation: It just is

User Uxcxdx
by
7.1k points
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