Business, 16.03.2020 20:26 yudayang2012pa9u8p
The Smith family takes out a $10,000 loan for their son’s college education. Their son, Adam, completes college in 4 years. When he does the Smith family owes the $10,000 they originally borrowed plus the $2000 accrued in interest over the 4 years Adam was in school. What kind of loan did the Smith family take out?
A. Private Loan
B. Standard Loan
C. Subsidized Loan
D. Unsubsidized Loan
Answers: 2
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The Smith family takes out a $10,000 loan for their son’s college education. Their son, Adam, comple...
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