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Student borrows $55,000 for business school at 8.5% stated annual interest is equal monthly payments Over 8 years consider this as a loan with no
Student borrows $55,000 for business school at 8.5% stated annual interest is equal monthly payments Over 8 years consider this as a loan with no payments or interest during school so that the problem structure is equivalent to a standard lone received one period Before the first payment how much is the monthly payment
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