Viola took out a $8,470 Stafford loan at the beginning of her four-year college career. The loan has a duration of ten years and an interest rate of 7.5%, compounded monthly. How much more will Viola’s monthly payment be if the loan is unsubsidized than if the loan is subsidized? Round all dollar values to the nearest cent.

Answers

Answer 1
Answer:

Answer:

 P=R(1-(1+i)^-n/i)            

Explanation:

Where P=8,470

R=Monthly installment

I=7.5%

N=10*12=120

By using above data we get R=$100.54 per month

Answer 2
Answer:

Answer:

Since the interest varies every month, it will be too long to write down how much she will save, but on the attached spreadsheet you can find the amount saved during the first 54 months.  

Viola will save $2,382.84 during the 54 months that the government will subsidize her loan.

Explanation:

The current rate for direct subsidized or direct unsubsidized undergraduate loans (4 years) is 4.53%.

The advantage of a subsidized loan is that the government pays the interest during the first 4 and a half years, so Viola will pay only principal. Since the question gave us a 7.5% rate, I will use that rate to calculate the monthly payment on an excel spreadsheet.

The monthly payment for both loans is $100.54, but Viola will have a discount during the first 54 months. The interest varies monthly, but the total amount of interest that she will save during the first 54 months (4 1/2 years) is $2,382.84.


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Full meaning of NeRsA

Answers

National Energy Regulator of South Africa
NERSA (European Fast Reactor Power Station)
NERSA North East Regional Science Association. Hope that should help

Good Morning

NERSA : National Energy Regulator of South Africa


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Happy Sunday :)

Complainer in the workplace

Answers

Hi There!

Complainer in the workplace?


There are days where employees seem to be complaining about everything. In many companies, misery loves company, and it's a big problem for small-business owners. It can bring down employee morale, and affect employee productivity and retention. Ultimately, it will trickle down to the customers—resulting in sub-par service and a decrease in sales.

Negativity is rampant in the workplace. According to Jim Harter, Gallup’s chief scientist for workplace management, 18 percent of U.S. employees are “actively disengaged,” and will complain about their companies. 


mexico trades produce for computer with japan, this is an example of: group of answer choices procurement insourcing exporting

Answers

The scenario presented in the question is an example of exporting. Exporting refers to the act of selling goods or services produced in one country to another country.

In this case, Mexico is selling produce to Japan in exchange for computers. This transaction is an example of international trade and highlights the benefits of specialization and comparative advantage.

Mexico is known for producing a variety of agricultural products, while Japan has a thriving technology industry. By specializing in their respective areas of expertise, both countries are able to benefit from international trade. Mexico is able to generate revenue by exporting its produce, while Japan is able to acquire the goods it needs to support its technology industry.

Overall, this example highlights the importance of international trade and the benefits that can be derived from specialization and comparative advantage. It also underscores the importance of maintaining strong trade relationships with other countries to promote economic growth and development.

For more about exporting:

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How many free credit reports are you legally entitled to each year

Answers

3 free credit reports
Three from Equifax, Experian and TransUnion

The trade winds from both hemispheres meet near the equator in a region that has a weak pressure gradient. This region is called the A. polar easterlies B. prevailing westerlies C. horse latitudes D. doldrums

Answers

Answer:

The correct answer is d) doldrums

Explanation:

Doldrums: Are winds of the north of the equator between the northern and southern trade winds in the oceans

recomended ways in which the business can promote social and cultural rights cultural rights in the workplace

Answers

The human resources should have a hand in promoting social and cultural rights in the workplace. They should not be discriminating and should treat each employee regardless of race, culture or gender equally. They should have equal rights as an employee. Training should also be extended to the minority and be offered to men and women alike, of whatever race or culture, who are qualified, to join. Everyone should have a chance to be considered for a promotion as long as the employee is fit, competent, well-performing and has great potential to fill in the position offered.