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Mathematics, 20.08.2021 04:30 QueenNerdy889

Rodrigo has just finished paying his $8575 unsubsidized Stafford loan, which he took out to fund his 4 year degree. The loan had a duration of 10 years and an interest of 7.1%, compounded monthly. Rodrigo will allow interest capitalization. If Rodrigo made monthly payments to pay off his loan, how much interest did he pay in total?

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