You estimate that you will owe $70,000 in student loans by the time you graduate. The...

You estimate that you will owe $70,000 in student loans by the time you graduate. The interest rate is 6 percent compounded monthly. If you want to have this debt paid in full within 10 years, how much must you pay each month?

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Expert Solution

Amount to be paid every month= $427.14 as follows:

jeff jeffy answered 1 year ago

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