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Mackenzie received a 4.25% nonsubsidized 15-year student loan for $22,000. Assuming she graduates in 4 years, determine Mackenzie's monthly payment on the loan. (See Example

Mackenzie received a 4.25% nonsubsidized 15-year student loan for $22,000. Assuming she graduates in 4 years, determine Mackenzie's monthly payment on the loan. (See Example 3 in this section. Round your answer to the nearest cent.)

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