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4- MR. Heffernan thinks it is finally time to start taking care of his student loan that has been outstanding for a while now. He

4- MR. Heffernan thinks it is finally time to start taking care of his student loan that has been outstanding for a while now. He has $120,000 outstanding balance. He wants to make monthly payments to pay off that balance to in 10 years. If the interest rate on this outstanding balance is 3%, how much should Mr. Heffernan pay each month?

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