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Assume you graduate from university with a $40,000 student loan. If your interest rate is fixed at 4.61% APR with monthly compounding and you will

Assume you graduate from university with a $40,000 student loan. If your interest rate is fixed at 4.61% APR with monthly compounding and you will repay the loan over a 20 -year period, what will be your monthly payment? The monthly payment will be $ (Round to two decimal places.)

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