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Kyle has a $15,000 in college debt when he graduates. He will pay it back with the regular monthly payments of $283.07 for the next
Kyle has a $15,000 in college debt when he graduates. He will pay it back with the regular monthly payments of $283.07 for the next 5 years. His loan is charging 5% interest per year, compound monthly. At the end of the 5 years, how much total interest will Kyle have paid? Round to the penny $
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