Antonio has just graduated from four years of college. for the last two years, he took out a stafford loan to
each loan had a duration of ten years and interest compounded monthly. antonio will pay each of them bac
monthly payments, starting as he graduates. antonio's loans are detailed in the table below.
interest rate (%)
year
junior
senior
loan amount ($)
5,894
5,258
6.9
subsidized?
y
n
7.5
once all of his loans are paid off, what will antonio's total lifetime cost be? round all dollar values to the
a. $16,246.80
b. $17,804.40
$7,593.16
d. $9,874.76
select the heat