Question: Solve the problem. A student borrows $40,000.00 at 8% compounded monthly. Find the monthly payment and the total interest paid over a 12 year payment

Solve the problem. A student borrows $40,000.00 at 8% compounded monthly.

Solve the problem. A student borrows $40,000.00 at 8% compounded monthly. Find the monthly payment and the total interest paid over a 12 year payment plan

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