You borrow $2250 at 4.8% compounded weekly for tuition. While you do not have to make payments for the 5 years that you are in s
chool, the interest is compounding. What is your loan balance after the 5-year grace period (if you've made no payments)?
1 answer:
Answer:
432
Step-by-step explanation:
2250x4.8=10,800
5x5=25
10,800/25=432
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