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Assume you graduate from college with $30,000 in student loans.If your interest rate is fixed at 4.66% APR with monthly compounding and you plan to
Assume you graduate from college with $30,000 in student loans.If your interest rate is fixed at 4.66% APR with monthly compounding and you plan to repay the loans over a 10-year period with equal monthly payments, what will the monthly payments be? Choose the answer closest to the correct one.
A. 313.23
B. 303.23
C. 3809.93
D. 250
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