If you make monthly payments over 14 years at 9 percent, Financial Management

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If you make monthly payments over 14 years at 9 percent

To pay for your education, you've taken out $27,000 in student loans. If you make monthly payments over 14 years at 9 percent compounded monthly, how much are your monthly student loan payments. Your monthly student loan payments are_____(round to the nearest cent)

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Financial Management: If you make monthly payments over 14 years at 9 percent

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