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27 October, 13:54

Jessica took out a stafford loan worth $7,175 at the beginning of her six-year college career. the loan has a duration of ten years and an interest rate of 6.3%, compounded monthly. how much greater will jessica's monthly payment be if the loan is unsubsidized than if the loan is subsidized? round all dollar values to the nearest cent.

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  1. 27 October, 14:21
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    The correct answer is A. 36.98
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