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Often through government supported programs students may obtain bargain interest rates such as 6 or...

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Often through government supported programs students may obtain bargain interest rates such as 6 or 8 to attend college Frequently payments are not due and interest does not accumulate until the student stops attending college A student has borrowed 57 000 at an annual interest rate of 7 2 Calculate the amount of interest due 4 months after the student must begin payments The interest due is Round to the nearest cent as needed PIXE

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