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You owe $29,000 on student loans at an interest rate of 3.55% compounded monthly. You want to pay off the loan in 10 years. a.

image text in transcribed You owe $29,000 on student loans at an interest rate of 3.55% compounded monthly. You want to pay off the loan in 10 years.

a. What will your monthly payments be? b. How much interest do you pay?

You owe $29,000 on student loans at an interest rate of 3.55% compounded monthly. You want to pay off the loan in 10 years. What will your monthly payments be? $ How much interest do you pay

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