Multiple Choice
You have a long-term goal of paying off your school loans in five years.You will graduate with a loan debt of $20,000 and an interest rate of 6%.How much will you need to pay each month to have the debt paid off in five years?
A) $386.66
B) $400.00
C) $390.17
D) $368.08
Correct Answer:
Verified
Correct Answer:
Verified
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