jbehrens9453 jbehrens9453

27-05-2023
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You have a student loan on which you must make equal payments at the end of each month. You owe $35,200 and the interest rate is 4.44 percent compounded monthly. Assuming you will pay off this loan in eight years, how much interest will you pay over the life of this loan?
A. $5,656
B. $6,685
C. $9,270
D. $10,556
E. $41,885

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