Question: Often, through government - supported programs, students may obtain bargain interest rates such as 6 % or 8 % to attend college. Frequently, payments are

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 until the student stops attending college. A student has borrowed $43,000 at an annual interest rate of 7.1%. Calculate the amount of interest due 1 month after the student must begin payments.
The interest due is $
(Round to the nearest cet)
Often, through government-supported programs, students may obtain "bargain" interest rates such

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