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Question 1 1 , Problem 5 - 2 0 HW Score: 6 6 . 6 7 % , 8 of 1 2 points Points: 0
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Assume you graduate from university with a $ student loan. If your interest rate is fixed at APR with monthly compounding and you will repay the loan over a year period, what will be your monthly payment?
The monthly payment will be $
Round to two decimal places.
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