Business, 13.03.2020 21:51, cratsley321

Edgar has taken out a $6,250 unsubsidized Stafford loan to fund his four-year undergraduate degree. The loan has a duration of 10 years and an interest rate of 6.1%, compounded monthly. How much interest capitalization will have accrued by the time Edgar graduates? Round all dollar values to the nearest cent. a. $1,670.30 b. $1,722.22c. $664.35 d. $1,524.96

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Edgar has taken out a $6,250 unsubsidized Stafford loan to fund his four-year undergraduate degree....