Question: Today you borrow $ 1 0 , 3 0 0 to pay for your expected college costs over the next 4 years, including a master's

Today you borrow $10,300 to pay for your expected college costs over the next 4 years, including a master's degree. 2 years from now, you determine that you heed an additional $4,500 so you borrow this additional amount. Starting 4 years from the original loan (2 years from the 2 nd loan), you begin to repay your combined debt by making annual payments of $2,900. You will make these payments for 10 years. Draw a cash flow diagram of this situation from your perspective.
 Today you borrow $10,300 to pay for your expected college costs

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