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You Estimate That You Will Have $24,500 in Student Loans

Question 29

Multiple Choice

You estimate that you will have $24,500 in student loans by the time you graduate. The interest rate is 6.5%. If you want to have this debt paid in full within five years,how much must you pay each month?


A) $471.30
B) $473.65
C) $476.79
D) $479.37
E) $480.40

Correct Answer:

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