Jefferson qualifies for an income-adjusted monthly payment of $425. If Jefferson has a subsidized student loan of
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Jefferson qualifies for an income-adjusted monthly payment of $425. If Jefferson has a subsidized student loan of $48,000 at an annual interest rate of 4% (compounded monthly), how many months are required to repay the loan?
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Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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