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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. How much of your

The balance on your 6.75% student loan at graduation is $12,000 to be paid in equal monthly payments over 5 years. How much of your first payment will go towards paying for the principal of the student loan?

Group of answer choices

$168.70

$135.65

$67.50

$236.20

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