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Theodora received an 8 - year PLUS Loan of $ 1 7 , 0 0 0 to attend law school for her last 2 years.

Theodora received an 8-year PLUS Loan of $17,000 to attend law school for her last 2 years. If the current interest rate is 8.62% and she starts her repayments 1 year after graduation, what are her monthly payments (in dollars)?(See Example 5 in this section. Assume the loan has a deferred payment plan.

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