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You estimate that you will have $24,500 in student loans by the time you graduate. The interest rate is 6.5 percent per year, compounded monthly.

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You estimate that you will have $24,500 in student loans by the time you graduate. The interest rate is 6.5 percent per year, compounded monthly. If you want to have this debt paid in full within five years, how much must you pay each month if you make your first payment one month after you graduate

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