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(Annuity payments) To pay for youreducation, you've taken out $22,000 in student loans. If you make monthly payments over 11 years at 7 percent compoundedmonthly,

(Annuity payments)To pay for youreducation, you've taken out $22,000 in student loans. If you make monthly payments over 11 years at 7 percent compoundedmonthly, how much are your monthly student loanpayments?

The monthly payment of your student loan is $---. (Round to the nearestcent.)

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