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Suppose a student graduates with a student loan of $24 comma 00024,000 with an annual interest rate of 88%. If the student were to pay
Suppose a student graduates with a student loan of
$24 comma 00024,000 with an annual interest rate of 88%. If the student were to pay only the interest on this loan, but nothing on the principal, how much would the student have to pay each month?
How much would the student have to pay each month?
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