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loris [4]
3 years ago
8

Ursula took out an unsubsidized Stafford loan to help pay for her first of her four years at college. The loan had a principal o

f $6,400, an interest rate of 6.9% compounded monthly. After college, Ursula started making monthly payments over a 10 year period on her loan. What percentage of the total cost of the loan is the finance charge?
a.
45.25%
b.
27.91%
c.
43.50%
d.
82.66%
Mathematics
2 answers:
Leokris [45]3 years ago
6 0

Answer:

a.

45.25%

Step-by-step explanation:

goblinko [34]3 years ago
3 0
The answer to the Ursula question is a - 45.25  
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