What is balance of unsubsidized loan at time of graduation, Finance Basics

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What is balance of unsubsidized loan at time of graduation

Problem

A student is graduating from college in six months but will need a loan in the amount of $2,560 for the last semester. The student receives an unsubsidized Stafford Loan with an interest rate of 6.8%, compounded monthly. What is the balance of the unsubsidized loan at the time of graduation?

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Finance Basics: What is balance of unsubsidized loan at time of graduation

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