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Melissa Hernandez received an 8 - year subsidized student loan of $ 2 4 , 0 0 0 at an annual interest rate of 4

Melissa Hernandez received an

8 -

year subsidized student loan of $

24, 000

at an annual interest rate of

4.3 % .

What are Melissa's monthly loan payments for this loan when she graduates in

1

year?

(

Round your answer to the nearest cent.

)

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