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(Annuity payments) To pay for your education, you've taken out $25,000 in student loans. If you make monthly payments over 12 years at 6 percent

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(Annuity payments) To pay for your education, you've taken out $25,000 in student loans. If you make monthly payments over 12 years at 6 percent compounded monthly, how much are your monthly student loan payments ? The monthly payment of your student loan is $ (Round to the nearest cent)

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