Question: You borrow $2200 at 8.7% compounded weekly for tuition. While you do not have to make payments for the 4 years that you are

You borrow $2200 at 8.7% compounded weekly for tuition. While you do not have to make payments for the 4

You borrow $2200 at 8.7% compounded weekly for tuition. While you do not have to make payments for the 4 years that you are in school, the interest is compounding. What is your loan balance after the 4-year grace period (if you've made no payments)? Express your answer rounded to the nearest cent. LA

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