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16 January, 02:47

Kate took out a subsidized Stafford loan worth $9,710 to pay for college. The interest rate on the loan was 5.9%, compounded monthly. It took Kate 5 years to pay off the loan after graduation. What portion of the total amount she paid represented the interest?

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  1. 16 January, 03:43
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    Two thousand eight hundred sixty four dollars and forty five cent's
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