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You receive a 10-year unsubsidized student loan of $17,000 at an annual interest rate of 6.6%....

You receive a 10-year unsubsidized student loan of $17,000 at an annual interest rate of 6.6%. What are your monthly loan payments for this loan after you graduate in 4 years? (Round your answer to the nearest cent.)

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Answer #1

Loan in 4 years = $ 22,120.17 [ 17000 x 1.0055-48] Monthly payment = pmt = = Loan amount = [(1-(1/(1+r^n)}/r] 22120.17 = [(1-

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