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Olivia has taken out a $13,100 unsubsidized Stafford loan to pay for her college education. She plans to graduate in four years. The loan has a duration of ten years and an interest rate of 7.6%, compounded monthly. By the time Olivia graduates, how much greater will the amount of interest capitalized be than the minimum amount that Olivia could pay to prevent interest capitalization? Round all dollar values to the nearest cent.
a.
$654.45
b.
$477.27
c.
$995.60
d.
$354.22
Please select the best answer from the choices provided
A
B
C
D
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Answers: 1
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In the sport of parasailing, a person is attached to a rope being pulled by a boat while hanging from a parachute-like sail. a rider is towed at a constant speed by a rope that is at an angle of 15 โ from horizontal. the tension in the rope is 1900 n. the force of the sail on the rider is 30โ from horizontal. what is the weight of the rider? express your answer with the appropriate units.
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Olivia has taken out a $13,100 unsubsidized Stafford loan to pay for her college education. She plan...
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