Viola took out a $8,470 Stafford loan at the beginning of her four-year college career. The loan has a duration of ten years and
an interest rate of 7.5%, compounded monthly. How much more will Viola’s monthly payment be if the loan is unsubsidized than if the loan is subsidized? Round all dollar values to the nearest cent. a. $35.05 b. $45.94 c. $96.96 d. $63.52
False ....a parameter is something YOU can change, like asking magazines if they are interested in sports, or interested in photography, or something else. So the 12% is a statistic.
