can i solve this question like this:FV=175*(1.0083)^48=260.224final payment =600-260.224=339.726

have an outstanding student loan with required payments of $600 per month for the n r years. The interest rate on the loan is 10% APR (monthly). You are considering making ra payment of $175 today (that is, you will pay an extra $175 that you are not required /). If you are required to continue to make payments of $600 per month until the loan is what is the amount of your final payment? What effective rate of return (expressed a R with monthly compounding) have you earned on the $175