If you need to take out a  $70,000  student loan  2  years before graduating, which loan option will result in the lowest overall cost to you: a subsidized loan with  6.9%  interest for  10  years, a federal unsubsidized loan with  5.9%  interest for  10  years, or a private loan with  7.0%  interest and a term of  16  years? How much would you save over the other options? All payments are deferred for  6  months after graduation and the interest is capitalized. Part: 0 / 5 0 of 5 Parts Complete   Part 1 of 5       (a) Find the total cost of the subsidized loan. The total cost of the subsidized loan is  $ . Round your answer to two decimal places, if necessary.       (b) Find the total cost of the unsidized loan. (c) find the total cost of the private loan. (d) Which loan ha the overall lowest loan,and how much would you save over the other options?

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Loans

A loan is a term that we are all familiar with. The processing of loans is one of the most important functions of a bank. It keeps our economy stable and facilitates the implementation of monetary policies. Let's take a look at the different forms of loans and get some answers to some common questions.