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You estimate that you will owe $45300 in student loans by the time you graduates. The interest rate is 4.8 percent, compounded monthly. If you
You estimate that you will owe $45300 in student loans by the time you graduates. The interest rate is 4.8 percent, compounded monthly. If you want to have this debt paid in full within ten years, how much must you pay each month starting one month after you graduation?
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