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What is the monthly interest cost on a 18-year, $31,000 student loan with an APR of 7.8%? Ali has $3,100 of credit card debt. If

What is the monthly interest cost on a 18-year, $31,000 student loan with an APR of 7.8%?

Ali has $3,100 of credit card debt. If the card's interest rate is 31.99%, what is his monthly cost of interest?

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