Question: You borrow $1500 at 4% compounded weekly for tuition. While you do not have to make payments for the 7 years that you are in

You borrow $1500 at 4% compounded weekly for tuition. While you do not have to make payments for the 7 years that you are in school, the interest is compounding. What is your loan balance after the 7-year grace period (if you've made no payments)? Express your answer rounded to the nearest cent.

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