How much must you pay each month

Reference no: EM13263689

You estimate that you will owe $42,800 in student loans by the time you graduate. The interest rate is 4.25 percent. If you want to have this debt paid in full within six years, how much must you pay each month?

a.) 611.09
b.) 674.50
c.) 714.28
d.) 736.05
e.) 742.50

Reference no: EM13263689

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