How much you will pay in interest over the life of the loan

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You have $25,000 in student loans to pay back over the next 10 years. You lock in an interest rate of 4%, compounded monthly. Find your monthly payment. Determine how much you will pay in interest over the life of the loan. Please show your work, so I may learn how to do this problem.

 

Reference no: EM131514860

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