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Please show step by step process as I'm confused. Thank you! Suppose that you owe $20,000 when you graduate from college. Your Direct Subsided Student
Please show step by step process as I'm confused. Thank you!
Suppose that you owe $20,000 when you graduate from college. Your Direct Subsided Student Loan has an annual interest rate of 3.73%. If you want to pay back the entirety of your loan in 10 years, what would be your payment per month? (hint: dont forget to change the annual rate to a monthly rate for your calculation).
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