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Question 1 1 , Problem 5 - 2 0 HW Score: 6 6 . 6 7 % , 8 of 1 2 points Points: 0

Question 11, Problem 5-20
HW Score: 66.67%,8 of 12 points
Points: 0 of 1
Assume you graduate from university with a $23,000 student loan. If your interest rate is fixed at 4.58% APR with monthly compounding and you will repay the loan over a 10-year period, what will be your monthly payment?
The monthly payment will be $
(Round to two decimal places.)
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