You borrow $2650 at 5.9% compounded weekly for tuition. While you do not have to make payments for the 4 years that you are in school, the interest is compounding. What is your loan balance after the 4-year grace period (if you've made no payments)?
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You borrow $2650 at 5.9% compounded weekly for tuition. While you do not have to make payments for the 4 years that you are in school, the interest is compounding. What is your loan balance after the 4-year grace period (if you've made no payments)?
Express your answer rounded to the nearest cent.
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