Suppose you have a student loan of $25,000 with an APR of 12% for 40 years. Complete parts (a) through (c) below. a. What are your required monthly payments? The required monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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Suppose you have a student loan of $25,000 with an APR of 12% for 40 years. Complete parts (a) through (c) below.
a. What are your required monthly payments?
The required monthly payment is $.
(Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:Suppose you have a student loan of $25,000 with an APR of 12% for 40 years. Complete parts (a) through (c) below. a. What are your required monthly payments? The required monthly payment is $. (Do not round until the final answer. Then round to the nearest cent as needed.)
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