Suppose that you owe $20,000 when you graduate from college. Your Direct Subsidized loan has an annual
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Question:
Suppose that you owe $20,000 when you graduate from college. Your Direct Subsidized loan has an annual interest rate of 4.45%. If you want to pay back the entirety of your loan in ten years, what would be your total payment per month?
(hint: don’t forget to change the annual rate to a monthly rate for your calculation).
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