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Question 7 Peter took out a student loan for $91000. He set up a payment plan to pay off the loan monthly for the next

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Question 7 Peter took out a student loan for $91000. He set up a payment plan to pay off the loan monthly for the next 9 years at 4.8% interest compounded monthly. His monthly payments would be $1039.31. How much total in interest would he pay to pay off the loan? $21245.48 $39312 $49170.5 $91000 $12262349.55 Previous Not saved

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