You have a student loan of 40,000$ that you want to repay in 10 years. Interest rates are at 6% per year for every maturity.

Assumingmonthly payments with monthly compounding, how much should you pay each month?

a.

476$

b.

346$

c.

313$

d.

444$

e.

574$

f.

512$

g.

499$

h.

333$