MAT130 Unit 3 Review B 14. According to www.jccmi.edu the cost of one semester including tuition...

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MAT130 Unit 3 Review B 14. According to www.jccmi.edu the cost of one semester including tuition (16 credit hours), fees, and books/supplies is approximately $5132. a. How much does Jackson college charge for an associate's degree if it takes you 4 semesters (2 years) to graduate? b. The current interest rate for a government loan is 4.99%. Find the amount of simple interest owed if a student borrowed the full cost to attend JC and interest accrued for 3 years. C. The monthly payments from b on a 10-year loan (unsubsidized) is $250.21 Calculate how much extra the student paid because they had to take out a loan. d. Explain why students use loans to pay for their education. Do you think it is worth doing? 99 99 MAT130 Unit 3 Review B 14. According to www.jccmi.edu the cost of one semester including tuition (16 credit hours), fees, and books/supplies is approximately $5132. a. How much does Jackson college charge for an associate's degree if it takes you 4 semesters (2 years) to graduate? b. The current interest rate for a government loan is 4.99%. Find the amount of simple interest owed if a student borrowed the full cost to attend JC and interest accrued for 3 years. C. The monthly payments from b on a 10-year loan (unsubsidized) is $250.21 Calculate how much extra the student paid because they had to take out a loan. d. Explain why students use loans to pay for their education. Do you think it is worth doing? 99 99