jaimon3811 jaimon3811

16-11-2021
Business

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jana has agreed to borrow $4,000 through a Subsidized Direct Loan to pay her freshman tuition. When she receives the loan, how much will she get

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zanayabryant3 zanayabryant3

17-11-2021

Answer: $3,957.64

Explanation:

All Direct Loans have a 1.059 percent fee which is deducted from the amount of the loan, up front. This means that Jana's fee is $42.36 ($4,000 x .01059). Therefore, she will only receive $3,957.64.

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