1. Also, after graduating WT, you find that you have an outstanding loan of $25,000 to pay back to the school. Since you are ready to get rid of your debt as soon as possible, you decide to pay it off in 7 years. If the loan is compounded monthly at 6.8%, what payments will you need to make? N=1%=PV=PMT=FV=P/Y= 1. Also, after graduating WT, you find that you have an outstanding loan of $25,000 to pay back to the school. Since you are ready to get rid of your debt as soon as possible, you decide to pay it off in 7 years. If the loan is compounded monthly at 6.8%, what payments will you need to make? N=1%=PV=PMT=FV=P/Y=