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Business, 09.07.2021 18:50 alyssatamayo641

A student borrows $55,000 for business school at 5.5% stated annual interest with equal monthly payments over 8 years. Consider this as a loan with no payments or interest during school so that the problem structure is equivalent to a standard loan received one period before the first payment. How much is the monthly payment

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A student borrows $55,000 for business school at 5.5% stated annual interest with equal monthly paym...
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