A student has $18000 in student loans. The loans are to be repaid over 10 years at a rate of 4.75%. Assume the payments are made at the end of each month. a) What type of problem is this? Present Value - Ordinary Annuity How much are the monthly payments? $ 188.726 c) How much total interest will be paid? $ 4647.12 Enter an integer or decimal number [more..]

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