Question

Anthony decides to attend the University of Montana. He borrowed $5,400 his Freshman year as an
UNSUBSIDIZED Student Loan. The APR on this loan is 3.75% and the term of the loan is 10 years.
Calculate the following
A. The amount of interest accrued while in college plus the 6 month grace period. (hint: time = 4.5
years)
B.His monthly payment (which will start 6 months after he graduates). Length
of loan is 10 years.



Pls help this is for a final

Answer 1

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