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Posted on May 18, 2024

Assume her student loan will have an interest rate of 6 percent and her parents home equity line has a rate of 9 . 7

Assume her student loan will have an interest rate of

6

percent and her parents

home equity line has a rate of

9.75

percent. If both loans have a

10 -

year maturity, what will her monthly payment be for each on a loan of $

6, 000,

ignoring any possible deferments?

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