Calculate the monthly payment

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Reference no: EM131999248

Most students graduate from college with an average of $35,000 in student loans. Assume the interest rate on student loans is 7% and the loan will be paid back over a 10-year period.

Calculate the monthly payment on a $35,000 student loan at 7% for 10 years. (End of period)

Reference no: EM131999248

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