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Jeffery Wei received a 7 - year non - subsidized student loan of $ 3 1 , 0 0 0 at an annual interest rate

Jeffery Wei received a

7 -

year non

-

subsidized student loan of $

31, 000

at an annual interest rate of

5.3 % .

What are Jeffery's monthly loan payments for this loan after he graduates in

4

years?

(

Round your answer to the nearest cent.

)

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