1. You borrow $45,275 to attend college, and will repay your subsidized loan at 3.92% APR. 

Calculate... a. Your monthly payment if you choose standard repayment. 

b. The amount of your first monthly payment that goes toward interest if you choose standard repayment. 

c. Your monthly payment if you choose extended repayment. 

d. The amount of your first monthly payment that goes toward principal if you choose extended repayment. 

e. How much more you will repay, in total, if you choose extended repayment. 

f. Your remaining loan balance after 5 years if you choose standard repayment. 

g. The number of months it will take to repay the loan if you elect extended repayment and pay back $400 each month.

Answer rating: 100% (QA)

To calculate the values for each scenario well use the following information Loan amount 45275 APR 392 Repayment term Standard repayment 10 years and Extended repayment 25 years a Monthly payment for ... View the full answer