Mathematics, 18.08.2021 23:20 realpcy7515

Rodrigo has just finished paying back his $8575 unsubsidized Stafford loan, which he took out to fund his 4-year degree. The loan had a duration of ten years and an interest rate of 7.1%, compounded monthly. Rodrigo will allow interest capitalization. If Rodrigo made monthly payments to pay off his loan, how much interest did he pay in total?

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Rodrigo has just finished paying back his $8575 unsubsidized Stafford loan, which he took out to fun...

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