Multiple Choice
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?
A) $5,310.76
B) $427.14
C) $777.14
D) 9,510.74
Correct Answer:
Verified
Correct Answer:
Verified
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