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Assume you graduate from college with $26,000 in student loans. If your interest rate is fixed at 4.66% APR with monthly compounding and you repay
Assume you graduate from college with $26,000 in student loans. If your interest rate is fixed at 4.66% APR with monthly compounding and you repay the loans over a 10-year period, what will be your monthly payment?
Your monthly payment will be $_____(Round to the nearest cent.)
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