Upon graduation from college, Warren Roberge was able to defer payment on his $20,000 student...
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Accounting
Upon graduation from college, Warren Roberge was able to defer payment on his $20,000 student loan for 6 months. Since the interest will no longer be paid on his behalf, it will be added to the principal until payments begin. If the interest is 6.11% compounded monthly,what will the principal amount be when he must begin repaying his loan?
The principal amount will be:_?
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