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Need help, please 6. Suppose Ahmad borrows $20,000 from Sallie Mae to fund his college education and agrees to make $500 minimum payments each month

Need help, please
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6. Suppose Ahmad borrows $20,000 from Sallie Mae to fund his college education and agrees to make $500 minimum payments each month for the next 60 months. What would be the monthly interest rate to be charged by Sallie Mae? Express your answer using two decimal places

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