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6. You estimate that you will have $31,870 in student loans by the time you graduate. The interest rate is 5.45 percent. If y
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Answer #1

rate positively ..

We have to use financial calculator to solve this
put in calculator -
FV 31870
PV 0
I 5.45%/12 0.4542%
N 4*12 48
compute PMT ($595.71)
therefore answer = $595.71
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