REMEMBER: (you are beautiful and deserve the world. you deserve to be treated like it. U deserve love, and i know without a shadow of doubt you will find it. you are that amazing. Your story is not to be silenced its your story so own it! If someone decides to walk out of your life.. let them. they don't know what they lost and they are stu.pid for that. They were probably holding you back anyways.
The present worth of the loan is <span>$6,250 </span>The start of payment will after 4 years The nominal interest rate is 6.1% compounded monthly which is equal to 6.27% effective.
The future worth (after graduation) of the loan is F = <span>$6,250 (1 + 0.0627)^4 = $7,971.18
The interest is </span>$7,971.18 - $6,250 = $1,721.18 I didn't round off when solving these so it's not the exact answer among the choices but the closest is letter B <span>$1,722.22</span>