Question: K to attend Often, through government-supported programs, students may obtain bargain interest rates such as 6% or 8% college. Frequently, payments are not due

K to attend Often, through government-supported programs, students may obtain "bargain" interest

K to attend Often, through government-supported programs, students may obtain "bargain" interest rates such as 6% or 8% college. Frequently, payments are not due and interest does not accumulate until the student stops attending college. A student has borrowed $18,000 at an annual interest rate of 7.4%. Calculate the amount of interest due 3 months after the student must begin payments. The interest due is $ (Round to the nearest cent as needed.) RECED

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Often, through government-supported programs, students may obtain "bargain" interest rates such as 6% or 8% to attend college. Frequently, payments are not due and interest does notaccumulate until...

Often, through government - supported programs, students may obtain "bargain" interest rates such as 6 % or 8 % to attend college. Frequently, payments are not due and interest does not accumulate...

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