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Posted on Sep 20, 2024

Assume you graduate from college with $ 3 5 comma 0 0 0 in student loans. If your interest rate is fixed at 4 .

Assume you graduate from college with

35

comma

000

in student loans. If your interest rate is fixed at

4.70 %

APR with monthly compounding and you repay the loans over a

10 -

year

period

,

what will be your monthly

payment?

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