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Congratulations! You Have Just Graduated from College and Are Determining

Question 49

Multiple Choice

Congratulations! You have just graduated from college and are determining what your monthly student loan payments will be.After consolidating all of your loans,you have a balance of $18,000.At 8% APR for 10 years,what will your monthly payments be?


A) $1,866.66
B) $161.50
C) $218.39
D) $1,440.14

Correct Answer:

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