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The balance on your 6.75% student loan at graduation is $12,000 to be paid in equal monthly payments over 5 years. What is the balance

The balance on your 6.75% student loan at graduation is $12,000 to be paid in equal monthly payments over 5 years. What is the balance of your loan after making all payments for three years?

Group of answer choices

$3,173.38

$7,678.12

$5,288.96

$3544.31

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