Question: What is the total amount Bae will have to repay for his $24,605 student loan if the interest rate is 7 percent over 10

What is the total amount Bae will have to repay for his $24,605 student loan if the interest rate is 7 percent over 10 years? What is the total amount he would have to repay if the $24,605 was a grant instead of a loan? Note: Round intermediate computations to at least five (5) decimal places. Click on the table icon to view the Monthly Installment Loan Payment Factor (MILPF) table: The total amount Bae will have to repay for his student loans is $ (Round to the nearest cent.)

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