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JB - 1 Peter has accumulated a total of $ 2 6 , 0 0 0 in student loan debt. He is required to pay

JB-1 Peter has accumulated a total of $26,000 in student loan debt. He is required to pay off this debt in 10 years. If the interest rate on this is a nominal 9% per year (or effective 0.75% per month), using Capital Recovery, how much will Peters monthly payment be?(HINT there are 120 months in 10 years)

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