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Assume you graduate from college with $31,000 in student loans. If your interest rate is fixed at 5.00% APR with monthly compounding and you repay

Assume you graduate from college with $31,000 in student loans. If your interest rate is fixed at 5.00% 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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