Student Loans
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Medium
Laura Causey
Used 3+ times
FREE Resource
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5 questions
Show all answers
1.
DROPDOWN QUESTION
1 min • 1 pt
Ramona is attending a 4-year college. As a freshman, she was approved for a 10-year, federal unsubsidized student loan for $5,300 at 4.29%. She knows he has the option of beginning repayment of the loan in 4.5 years. She also knows that during this nonpayment time, interest will accrue at 4.29%
When it asks, how much interest will Ramona accrue during the 4.5-year nonpayment period? You use (a)
2.
DROPDOWN QUESTION
1 min • 1 pt
Ramona is attending a 4-year college. As a freshman, she was approved for a 10-year, federal unsubsidized student loan for $5,300 at 4.29%. She knows he has the option of beginning repayment of the loan in 4.5 years. She also knows that during this nonpayment time, interest will accrue at 4.29%
If Ramona decides to make no payments during the 4.5 years, the interest will be capitalized at the end of that period.
The first thing you need to do is... (a)
Then you.... (b) with the (c)
3.
DROPDOWN QUESTION
1 min • 1 pt
Ramona is attending a 4-year college. As a freshman, she was approved for a 10-year, federal unsubsidized student loan for $5,300 at 4.29%. She knows he has the option of beginning repayment of the loan in 4.5 years. She also knows that during this nonpayment time, interest will accrue at 4.29%
If Ramona decides to make no payments during the 4.5 years, the interest will be capitalized at the end of that period.
When you find the monthly payment, your exponent will be (a)
4.
DROPDOWN QUESTION
1 min • 1 pt
Ramona is attending a 4-year college. As a freshman, she was approved for a 10-year, federal unsubsidized student loan for $5,300 at 4.29%. She knows he has the option of beginning repayment of the loan in 4.5 years. She also knows that during this nonpayment time, interest will accrue at 4.29%
If Ramona decides to make no payments during the 4.5 years, the interest will be capitalized at the end of that period.
What does it mean to find the total payment? (a)
5.
DROPDOWN QUESTION
1 min • 1 pt
Ramona is attending a 4-year college. As a freshman, she was approved for a 10-year, federal unsubsidized student loan for $5,300 at 4.29%. She knows he has the option of beginning repayment of the loan in 4.5 years. She also knows that during this nonpayment time, interest will accrue at 4.29%
If Ramona decides to make no payments during the 4.5 years, the interest will be capitalized at the end of that period.
How do you find the interest? (a)
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