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Problem 7. [4 pts] Mr Slow's goal is to pay down his student loan in 5 years. The balance today is $19,534. If he is

Problem 7. [4 pts] Mr Slow's goal is to pay down his student loan in 5 years. The balance today is $19,534. If he is charged a rate of 6%, compounded monthly, what will be his monthly end-of-period payment? (Show your calculations) Problem 8 14 nts

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