After four years in college, Josie owes $44000 in student loans. The interest rate on the federal

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After four years in college, Josie owes $44000 in student loans. The interest rate on the federal loans is 2.8% and the rate on the private bank loans is 5%. The total interest she owes for one year was $1,936.00.What is the amount of each loan?

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Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Posted Date: Mar 09, 2023 12:10 AM

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After four years in college, Josie owes $44000 in student loans. The interest rate on the federal

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Let x be the amount of money Josie borrowed at the federal loan rate of 28 and y b... View the full answer

Financial Management for Public Health and Not for Profit Organizations

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