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You owe $27,000 on student loans at an interest rate of 4.85% compounded monthly. You want to pay off the loan in 11 years. You
You owe $27,000 on student loans at an interest rate of 4.85% compounded monthly. You want to pay off the loan in 11 years. You should show your work for this question. What will your monthly payments be? How much interest do you pay? > Next
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