Mathematics, 04.02.2021 02:20 barnhill6515
Kate took out a subsidized Stafford Loan worth $9,710 to pay for college. The interest rate on the loan was 5.9%, compounded monthly. It took Kate 5 years to pay off the loan after graduation. What portion of the total amount she paid represented the interest?
A) $11,236.22
B) $9,710.00
C) $1,526.22
D) $2,942.37
Please show work, please walk me through this. Thank You
Answers: 2
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Kate took out a subsidized Stafford Loan worth $9,710 to pay for college. The interest rate on the l...
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