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Business, 30.03.2020 16:34 woodfordmaliky

A student takes out a college loan of $6000 at an annual percentage rate of 4%, compounded monthly. a. If the student makes payments of $400 per month, how much, to the nearest dollar, does the student owe after 6 months?

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A student takes out a college loan of $6000 at an annual percentage rate of 4%, compounded monthly....
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