Liam just graduated from his state university with $29,446 in student loan debt. He is curious what his monthly payments will be if he repays over the standard 10 years at 6 percent. Liam also has an emergency fund that pays 3 percent. Should he use some of that money to repay his student loansearly? Why?

Liam's monthly payment is $____. (Round to the nearestcent.)