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Harsh realizes that payment amount is not manageable based...

Harsh realizes that payment amount is not manageable based on how much he currently makes and all of the other expenses he also has to budget for.  As a result he decides paying off his loan in 6 years is simply more realistic.

 

What would Harsh’s monthly loan payments be with this new time line? [1]

 

What will be the total interest paid? 


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