Daniels Salazar
02/21/2023 · Middle School
he monthly payment on the loan. Assume that the term of the loan is 10 years. 00 at \( 7.1 \% \) interest; student graduates 2 years and 6 months after loan is acquired; payments deferred for 6 months after graduation. ne monthly payment on this loan is \( \$ \square \). Round to two decimal places, if necessary.
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The monthly payment on the loan is approximately $150.86.
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