Rich is attending a 4 year college as a freshman he was approved for a 10year federal unsubsized student loan in the amount of 7,900 at 4 29 he knows he has the option of beginning repayment of the loan in 4.5 he also knows that during this non payment time interest will accure at 4.29 how much interest will rich accure during the 4.5 year non payment period

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter5: Business Deductions
Section: Chapter Questions
Problem 24P
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Rich is attending a 4 year college as a freshman he was approved for a 10year federal unsubsized student loan in the amount of 7,900 at 4 29 he knows he has the option of beginning repayment of the loan in 4.5 he also knows that during this non payment time interest will accure at 4.29 how much interest will rich accure during the 4.5 year non payment period
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