Mathematics, 19.05.2020 22:23, diametriagay

Henry wants to avoid interest capitalization on his $7,800 unsubsidized Stafford loan. Henry will graduate in four years, and the loan has a duration of ten years. The loan has an interest rate of 5.6%, compounded monthly. How much must Henry pay every month to avoid interest capitalization? a. $14.56 b. $43.68 c. $36.40 d. $31.20 Please select the best answer from the choices provided A B C D

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Henry wants to avoid interest capitalization on his $7,800 unsubsidized Stafford loan. Henry will gr...