Question: What is the total amount Bae will have to repay for his $25,000 student loan if the interest rate is 6 percent over 10 years?

What is the total amount Bae will have to repay for his $25,000 student loan if the interest rate is 6 percent over 10 years? What is the total amount he would have to repay if the $25,000 was a grant instead of a loan?

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