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Help! Finally, you have to begin repaying your student loans. You have borrowed $80,000, and now must repay the loans over a 10 year period

Help!

Finally, you have to begin repaying your student loans. You have borrowed $80,000, and now

must repay the loans over a 10 year period while making monthly payments. The interest rate is

6.0% per annum.

1. How much will your monthly debt payments equal? Given that your tax rate is 25%,

how much would you have to earn per year simply to meet those payments?

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