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    Mathematics
  3. Study Set
    Using and Understanding Mathematics
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    Exam 4: Managing Money
  5. Question
    Solve. -Calculate the Monthly Payment for a Student Loan of $135,240
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Solve. -Calculate the Monthly Payment for a Student Loan of $135,240

Question 21

Question 21

Multiple Choice

Solve.
-Calculate the monthly payment for a student loan of $135,240 at a fixed APR of 5.7% for 20 years.


A) $945.64
B) $1135.06
C) $1419.36
D) $810.40

Correct Answer:

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