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You estimate that you will have $25,000 in student loans by the time you graduate. The interest rate is 3.5 percent per year (APR quote
You estimate that you will have $25,000 in student loans by the time you graduate. The interest rate is 3.5 percent per year (APR quote with monthly compounding). If you want to have this debt paid in full within 6 years, how much must you pay at the end of each month?
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