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Question 8 1 pts You expect to graduate with $42,322 in student loans. The interest rate on your loan is 7 percent compounded monthly and

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Question 8 1 pts You expect to graduate with $42,322 in student loans. The interest rate on your loan is 7 percent compounded monthly and the loan calls for fixed monthly payments. If you repay the loan in 23 years how much are you paying in total interest over the life of the loan? (HINT: you need to calculate the monthly payment first)

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