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Student Loan Upon graduation from college, Warren Roberge was able to defer payment on his $40,000 subsidized Stafford 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 4.66% compounded monthly, what will the principal amount be when he must begin repaying his loan? Source: U.S. Department of Education.
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