You attend college and have 2 loans: A SUBSIDIZED loan for $40,000 with 3.88% APR, and an UNSUBSIDIZED loan for $28,000 with 4.06% APR. You plan to elect standard repayment. Calculate your total monthly payment for both loans.

You attend college and have 2 loans: A SUBSIDIZED loan for $40,000 with 3.88% APR, and an UNSUBSIDIZED loan for $28,000 with 4.06% APR. You plan to elect standard repayment. Calculate your total monthly payment for both loans.

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Question

You attend college and have 2 loans: A SUBSIDIZED loan for $40,000 with 3.88% APR, and an
UNSUBSIDIZED loan for $28,000 with 4.06% APR. You plan to elect standard repayment. Calculate your
total monthly payment for both loans.

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