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#11 A student borrows $57,900 at 8.4% compounded monthly. Find the monthly payment and total interest paid over a 25 year payment plan. The payment
#11
A student borrows $57,900 at 8.4% compounded monthly. Find the monthly payment and total interest paid over a 25 year payment plan. The payment size is $ 7. (Round to the nearest cent.)Step by Step Solution
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