Diana just graduated from medical school owing $80,000 in student loans. The annual interest rate is 9%.
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Question:
Diana just graduated from medical school owing $80,000 in student loans. The annual interest rate is 9%.
a. Approximately how many years will it take to pay off her student loan if she makes a monthly payment of $750?
b. Approximately how many years will it take to pay off her loan if she makes a monthly payment of $1000?
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