You owe $22,000 on student loans at an annual interest rate of 4.55% compounded monthly. You...

You owe $22,000 on student loans at an annual interest rate of 4.55% compounded monthly. You want to pay off the loan in 14 years.

What will your monthly payments be?

$

How much interest do you pay?

$

Expert Solution

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jeff jeffy answered 1 year ago

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