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Angelica received a 12-year non-subsidized student loan of $15,000 at an annual interest rate of 5.5% (compounded monthly). Determine her monthly payment on the loan
Angelica received a 12-year non-subsidized student loan of $15,000 at an annual interest rate of 5.5% (compounded monthly). Determine her monthly payment on the loan after she graduates in 4 years. (Round your answer to the nearest cent.)
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Corporate Financial Management
Authors: Glen Arnold
4th Edition
0273719068, 978-0273719069
