Unsubsidized Student LoansStep 1You receive a 10-year unsubsidized student loan of $33,000 at an annual Interest rate of 5.8%.Use simple interest to find your new total loan amount after you graduate in 4 years. (Round your answer tothe nearest cent.)$7656 x40656.00Step 2Your new total loan amount is $40656.00.What are your monthly loan payments for this loan? (Round your answer to the nearest cent.)%24|xSubmit Skip (you cannot come back)

Loan amount = $ 33000 Annual interest rate = 5.8% Period = 4 Years

Answered: You receive a 10-year unsubsidized…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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You receive a 10-year unsubsidized student loan of $33,000 at an annual interest rate of 5.8%. Use simple interest to find your new total loan amount after you graduate in 4 years. (Round your answer to the nearest cent.)