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QUESTION 13 You graduated from the University of Toledo and are getting ready to enter the work force. You are planning your monthly expenses and
QUESTION 13 You graduated from the University of Toledo and are getting ready to enter the work force. You are planning your monthly expenses and are trying to determine how much you are going to have to pay each month in student loans You borrowed 540,000 while you attended UT and have an annual interest rate of 3.75%. You know that you can amortize your loan over 20 years. How much is your monthly payment (round to the nearest penny)
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