Rhett is about to begin college and has received a 10-year $7,500 Federal Direct Unsubsidized Loan with an interest rate of 6.4%.He will be required to begin making payments six months after graduation.If Rhett decides to capitalize the interest accrued from the time he receives the funds until he begins making payment,how much total interest would he pay on this loan?

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The Answer of Rhett is about to begin college and has received a 10-year $7,500 Federal Direct Unsubsidized Loan with an interest rate of 6.4%.He will be required to begin making payments six months after graduation.If Rhett decides to capitalize the interest accrued from the time he receives the funds until he begins making payment,how much total interest would he pay on this loan?

Rhett Is About to Begin College and Has Received a 10-Year