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Assume you graduate from college wth $4,000 in student loans. If your rest rate is fred at 500% APR wth monthly compounding and you repay

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Assume you graduate from college wth $4,000 in student loans. If your rest rate is fred at 500% APR wth monthly compounding and you repay the loans over a 10-year period what wil be your monthly payment? Your monthly payment will be $(Round to the nearest cent)

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