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QUESTION
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 4.
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 4.25% on parent PLUS loan, what is the maturity value Joe and Kathy must repay?
what would be the answer and how did you get it?
