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9. Annuity Payment Amount . James will graduate with $50,000 in student loans and begin paying them back on a monthly basis at an annual
9. Annuity Payment Amount. James will graduate with $50,000 in student loans and begin paying them back on a monthly basis at an annual interest rate of 6% compounded monthly. |
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9.a. What will James monthly payment be assuming he pays his student loan off over 30years?
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9.b. What will James monthly payment be assuming he pays his student loan off over 10years?
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