Subsidized loans are loans in which the government pays for the interest while the student is enrolled in school. Unsubsidized loans, however, are different. This type of loan has interest added to the balance while the student is in school.
To find out how much you will pay each month if you take out a $5000 loan, there is a specific formula you can use.
It is: A=P(1+r/n)t
After plugging it the information from the paragraph, you get:
$49,732/240 months= $207/month
To find out how much you will pay each month if you take out a $5000 loan, there is a specific formula you can use.
It is: A=P(1+r/n)t
After plugging it the information from the paragraph, you get:
$49,732/240 months= $207/month