You can solve this question using a Financial Calculator
Loan Amount $20000
Rate on interest = 9%, Monthly = 0.75%
No. of Months =156 (13*12)
On the Calculator
PV = 20000
I/Y= .075
N = 156
CPT PMT
Answer will be $ 217.94
y for your education, you've taken out $20,000 in student loans. If you make monthly payments...
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