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const2013 [10]
3 years ago
7

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
Mathematics
2 answers:
stealth61 [152]3 years ago
8 0

Answer:

a. $35.05

Step-by-step explanation:

Subsidized means that the loan is need based, so there is no interest while in school. Unsubsidized means that it is not need based, and thus Viola is responsible for all interest during school.

den301095 [7]3 years ago
5 0

answer is A, just took the test

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Answer: the interest rate is 6%

Step-by-step explanation:

The formula for continuously compounded interest is

A = P x e (r x t)

Where

A represents the future value of the investment after t years.

P represents the present value or initial amount invested

r represents the interest rate

t represents the time in years for which the investment was made.

e is the mathematical constant approximated as 2.7183.

From the information given,

A = $4482

P = 1000

t = 25 years

Therefore,

4482 = 1000 x 2.7183^(r x 25)

4482/1000 = 2.7183^25r

4.482 = 2.7183^25r

Taking ln of both sides, it becomes

Ln 4.482 = 25rLn2.7183

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r = 1.5/25 = 0.06

r = 0.06 × 100 = 6%

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Dafna11 [192]

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Step-by-step explanation:

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3 years ago
I don't understand e. Please help
dexar [7]
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Hope I helped!
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Answer:

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Step-by-step explanation:

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son4ous [18]
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A = -π

<u>Period</u>
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<u>Phase Shift</u>
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</u> B      2<u>
</u>
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