2. According to USA Today, the average United States college student completes his or her undergraduate...

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2. According to USA Today, the average United States college student completes his or her undergraduate education with $39,200 in debt. How much more does this average student repay, in total, if he or she chooses extended loan repayment instead of standard repayment? The average undergrad loan APR is 3.92%. 2. According to USA Today, the average United States college student completes his or her undergraduate education with $39,200 in debt. How much more does this average student repay, in total, if he or she chooses extended loan repayment instead of standard repayment? The average undergrad loan APR is 3.92%.

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Assuming the average student borrows 39200 at an annual interest rate of 392 we can calculate t... View the full answer