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3. Annuity with Monthly Payments Assume that a student graduates from college with $15,000 in student loans. If the interest rate is fixed at 3.60%

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3. Annuity with Monthly Payments Assume that a student graduates from college with $15,000 in student loans. If the interest rate is fixed at 3.60% APR with monthly compounding and the student will repay the loans over a 10-year period, what will be the monthly payment

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