Calculate qian monthly required loan payment

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Qian has just graduated from university, and she has received a letter stating that she must start repaying her student loans.

The letter gives the following information:

Loan Balance: $35000

Annual Percentage Rate (APR): 5.94%

Loan Amortization Period: 9.5 years

Calculate Qian's MONTHLY required loan payment.

Reference no: EM132386422

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