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 the student stops attending college. A student has borrowed $43,000 at an annual interest rate of 6.9%. Calculate the amount of interest due 2 months after the student must begin payments. What is the interest rate due? Find the value of the ordinary annuity at the end of the indicated time period. The payment R, frequency of deposits m (which is the same as the frequency of compounding), annual interest rate r, and time period t are givenamount $1,000; quarterly; 5%; six years What is the value of the ordinary annuity 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 the student stops attending college. A student has borrowed $43,000 at an annual interest rate of 6.9%. Calculate the amount of interest due 2 months after the student must begin payments. What is the interest rate due? Find the value of the ordinary annuity at the end of the indicated time period. The payment R, frequency of deposits m (which is the same as the frequency of compounding), annual interest rate r, and time period t are givenamount $1,000; quarterly; 5%; six years What is the value of the ordinary annuity