Joe and Kathy Graczak Borrowed $132,000 for Their Son's Four-Year

question 35

Short Answer

Joe and Kathy Graczak borrowed $132,000 for their son's four-year college education. They must repay the loan at the end of 10 years. With 7.6% on parent PLUS loan, what is the maturity value Joe and Kathy must repay?

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