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  • 10-12-2020
  • Mathematics
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A college student takes out a $7.500 loan from a bank. What will the balance of loan be after one year (assuming the student has not made any payments yet)

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prieb18281 prieb18281
  • 10-12-2020

Answer:

The annual loan limit for subsidized and unsubsidized loans must be prorated when a borrower is enrolled in a program that is one academic year or more.

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