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A graduating college student owes $ 5 1 , 1 8 4 for a student loan. The loan charges a n APR o f 6

A graduating college student owes $

51, 184

for a student loan. The loan charges

a n

APR

o f 6.2 % .

What

i s

the monthly payment required

t o

pay off this loan

i n 9

years? Use two decimal place accuracy.

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