Question:

After four years in college, Josie owes $64000 in student

Last updated: 7/17/2022

After four years in college, Josie owes $64000 in student

After four years in college, Josie owes $64000 in student loans. The interest rate on the federal loans is 2.4% and the rate on the private bank loans is 4%. The total interest she owes for one year was $2,176.00. What is the amount of each loan? Federal loan at 2.4% account = $ Private bank loan at 4% account = $