Mathematics
Mathematics, 17.07.2019 04:00, write2lakenor7awj

Gilbert is graduating from college in one year, but he will need a loan in the amount of $5,125 for his last two semesters. he may either receive an unsubsidized stafford loan with an interest rate of 6.8%, compounded monthly, or his parents may get a plus loan with an interest rate of 7.8%, compounded monthly. the stafford loan has a grace period of six months from the time of graduation. which loan will have a higher balance at the time of repayment and by how much?

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Gilbert is graduating from college in one year, but he will need a loan in the amount of $5,125 for...

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