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You decided to get a JD degree and borrowed at an APR of 12% to pay the tuition of $40,000. There is no interest on

You decided to get a JD degree and borrowed at an APR of 12% to pay the tuition of $40,000. There is no interest on the loan till you finish law school and you need to start paying off the debt as soon as you finish law school. You need to make monthly payments and you can only afford to pay $1,000 per month. How many years would it take you to pay off your debt?

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