Question: A student borrows $57.700 at 7.2% compounded monthly. Find the monthly payment and total interest paid over a 16 year payment plan. The payment size

A student borrows $57.700 at 7.2% compounded monthly. Find the monthly payment and total interest paid over a 16 year payment plan. The payment size is (Round to the nearest cent.) The total interest paid over the 15 years is $ (Round to the nearest cent.)

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