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A student borrows $47,300 at 4.8% compounded monthly. Find the monthly payment and total interest paid over a 20 year payment plan. The payment size
A student borrows $47,300 at 4.8% compounded monthly. Find the monthly payment and total interest paid over a 20 year payment plan. The payment size is $ . (Round to the nearest cent.) The total interest paid over the 20 years is $ (Round to the nearest cent.)
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