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You are going to repay your student loan with payments of $1,000 per year for 20 years at an effective annual interest rate of 2.5%.

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You are going to repay your student loan with payments of $1,000 per year for 20 years at an effective annual interest rate of 2.5%. You ask if you can defer payments for 2 years. If the loan officer agrees, how much do you save by deferring for 2 years

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