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If your interest rate is fixed at 500 apr with monthly

Question - Assume you graduate from college with $30000 in student loans. If your interest rate is fixed at 5.00% APR with monthly compounding and you repay the loans over 10-year period, what will be your monthly payment if rounded to the nearest cent?

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Accounting Basics: If your interest rate is fixed at 500 apr with monthly

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Accounting Basics: If your interest rate is fixed at 500 apr with monthly

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