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You owe $15,000 on student loans at an interest rate of 5.85% compounded monthly. You want to pay off the loan in 8 years.

You owe $15,000 on student loans at an interest rate of 5.85% compounded monthly. You want to pay off the loan in 8 years. What will your monthly payments be? $196 How much interest do you pay? 33819

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