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Joe Smith has$85,000in student loans.His bank charges6%APR(compounded monthly).Suppose Joe can only afford to pay$520per month towards his student loans,calculate the number of months it will
Joe Smith has$85,000in student loans.His bank charges6%APR(compounded monthly).Suppose Joe can only afford to pay$520per month towards his student loans,calculate the number of months it will take to payoff his student loans.
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