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graduate students borrow $75,000 in loans at 8.5% interest to finance their education. Most of the students want to pay off these loans in 15

graduate students borrow $75,000 in loans at 8.5% interest to finance their education. Most of the students want to pay off these loans in 15 years but want to make sure their yearly payments account for no more than 7% of their gross annual salary.

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