Mathematics, 11.03.2021 16:30 nocomprendoplshelp

PLEASE HELL 30 POINTSSS! Elijah is attending a 4-year college. As a freshman, he was approved for a 6-year, federal unsubsidized student loan in the amount of $13000 at 3.33%. He knows he has the option of beginning repayment of the loan in 4.5 years. He also knows that during this non-payment time, interest will accrue at 3.33%. Suppose Elijah paid the request interest during his 4 years in school and the six-month grace period.

How much interest did he pay during his 4 years in school and the six-month grace period?

Will the federal government recalculate his loan?

Determine his monthly payment for the 6-year loan.

What is the total amount of his monthly payments?

What will he pay in interest over the term of his loan?

If his total interest is the sum of the interest from the 4.5-year nonpayment period and the interest from the 6-year loan life, how much interest will he pay as a total?

Answers: 2

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 16:30

An automated water dispenser fills packets with one liter of water on average, with a standard deviation of 5 milliliter. the manual says that after a year of operation the dispenser should be tested to see if it needs recalibration. a year later a number of filled packets are set aside and measured separately. it is found that the average packet now contains about 0.995 liters. does the dispenser need calibration? explain your answer.

Answers: 2

Answer

Mathematics, 21.06.2019 17:00

The perimeter of a movie screen is 54 meters. the screen is 18 meters wide. how tall is it?

Answers: 1

Answer

Mathematics, 21.06.2019 17:30

If the class was going to get a class pet and 5 picked fish and 7 pick bird and 8 picked rabbits have many students were in the

Answers: 1

Answer

Mathematics, 21.06.2019 21:30

Acompany charges $0.10 for each letter engraved. bobby plans to spend no more than $5.00 on the engraving on a jewelry box. write and solve an inequality to find the maximum number of letters he can have engraved.

Answers: 1

Answer

You know the right answer?

PLEASE HELL 30 POINTSSS! Elijah is attending a 4-year college. As a freshman, he was approved for a...

Questions

Mathematics, 06.10.2019 16:00

In one week the owner of carly's coffeehouse found that the number of orders for bagels was 2/3 the number of orders for chocolate scones. if the tota...

Mathematics, 06.10.2019 16:00

How many of each kind of treat is in one sack? plz me and fast!