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You borrow $30,000 student loan. If you pay $600 per month and you are charged 0.5% monthly interest on the balance, how long will it
You borrow $30,000 student loan. If you pay $600 per month and you are charged 0.5% monthly interest on the balance, how long will it take you to pay off the debt?
a. 45 months.
b. 50 months.
c. 55 months.
d. 58 months.
e. You can never pay off the debt like this.
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