Suppose a student loan has an interest rate of 6.2% compounded monthly with monthly payments and the borrower has 10 years to repay. If $5000 is borrowed, what are the monthly payments?
A) $45.28
B) $56.01
C) $68.92
D) $73.10

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The Answer of Suppose a student loan has an interest rate of 6.2% compounded monthly with monthly payments and the borrower has 10 years to repay. If $5000 is borrowed, what are the monthly payments?
A) $45.28
B) $56.01
C) $68.92
D) $73.10

Suppose a Student Loan Has an Interest Rate of 6