A student graduates from college with

$35,000

in student loans with a

6.1%

annual simple interest rate. In order to reduce his debt as quickly as possible, beginning next month he is going to pay

$600

per month towards the loan. After his first payment, how much will he owe on the loan?\ After his first payment, he will still owe

$

on his loan.\ (Round to the nearest cent as needed.)

A student graduates from college with $35,000 in student loans with a 6.1% annual simple interest rate. In order to reduce his debt as quickly as possible, beginning next month he is going to pay $600 per month towards the loan. After his first payment, how much will he owe on the loan? After his first payment, he will still owe $ on his loan. (Round to the nearest cent as needed.) A student graduates from college with $35,000 in student loans with a 6.1% annual simple interest rate. In order to reduce his debt as quickly as possible, beginning next month he is going to pay $600 per month towards the loan. After his first payment, how much will he owe on the loan? After his first payment, he will still owe $ on his loan. (Round to the nearest cent as needed.)