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Zach was recently accepted to a private college and is looking to take out a $92,000 loan to cover the 4 years of tuition.
Zach was recently accepted to a private college and is looking to take out a $92,000 loan to cover the 4 years of tuition. One private loan company offers Zach a student loan with a 10-year term and a 3.24% interest rate that is compounded monthly. Calculate the monthly payments of the student loan, rounding to the nearest cent
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