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?

Expert Solution

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

jeff jeffy answered 1 year ago

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