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FinanceQ&A Library"Assume you graduate with $31,300 in student loans with an interest rate of 5.25% compounded annually. If you want to have this debt paid off in full within three years, how much must you pay each month?" I know that the answer is $941.61 but I cannot seem to figure it out how to get there.Question

"Assume you graduate with $31,300 in student loans with an interest rate of 5.25% compounded annually. If you want to have this debt paid off in full within three years, how much must you pay each month?"

I know that the answer is $941.61 but I cannot seem to figure it out how to get there.

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