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Posted on Sep 09, 2024

Assume you graduate from university with a $ 3 3 , 0 0 0 student loan. If your interest rate is fixed at 4 .

Assume you graduate from university with a

33, 000

student loan. If your interest rate is fixed at

4.76 %

APR with monthly compounding and you will repay the loan over a

10 -

year

period

,

what will be your monthly

payment? The monthly payment will be

(

Round to two decimal

places.

)

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