Mathematics, 07.12.2021 20:50, brydenskl814

Mitch is attending a 4-year college. As a freshman, he was approved for a 10-year, federal unsubsidized student loan in the amount of $8,100 at an APR of 4.29%. Mitch decides to
make no payments during the 4.5-year deferment period. After interest is capitalized at the
end of the 4.5-year period, what will his new principal amount be?

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Mitch is attending a 4-year college. As a freshman, he was approved for a 10-year, federal unsubsi...