Question: Sean is attending a 4-year college. As a freshman he was approved for a 10-year. federal un-subsidized student loan in the amount of $29.600 at

Sean is attending a 4-year college. As a freshman he was approved for a 10-year. federal un-subsidized student loan in the amount of $29.600 at 2.99%. He knows that he has the option of beginning repayment of the loan in 4.5 years. He also knows that during the nonpayment time, interest will accrue. How much interest will Sean accrue during the 4.5-year nonpayment period? (Remember this is simple interest) * $3,982.68 O $8,850.40 O $3.857.38 $9,901.04 0 0 $ 5.067.80 If Sean decides to make no payments during the nonpayment period. the interest will be capitalized at the end of that period. What will be the new principal when he begins making loan payments? * Your answer What will be his monthly payment when he does begin paying off his loan? * Your

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