Edgar has taken out a $6,250 unsubsidized Stafford loan to fund his four-year undergraduate degree. The loan has a duration of 1
0 years and an interest rate of 6.1%, compounded monthly. How much interest capitalization will have accrued by the time Edgar graduates? Round all dollar values to the nearest cent. a.
$1,670.30
b.
$1,722.22
c.
$664.35
d.
$1,524.96
Please select the best answer from the choices provided.
Same question x+y=30 x is 1/5 of y x=y/5 subsitute y/5+y=30 multily both sidse by 5 y+5y=150 add 6y=150 divide both sides by 6 y=25 subsitute x=y/5 x=25/5 x=5 the numbers are 5 and 25
