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A student borrow $70,000 for business school at 9.5% stated annual interest with equal monthly payments over 11 years consider this as a loan with

A student borrow $70,000 for business school at 9.5% stated annual interest with equal monthly payments over 11 years consider this as a loan with no payments or interest during school so that the problem structure is equivalent to a standard loan received one period Before the first payment. how much is the monthly payment

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