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Answer to Question #145063 in Economics for Maria Chilcutt

Question #145063
It’s time for Ronda to start repaying her student loans, which are amortized over the next 10 years. Her first month’s payment due is $396. How much should she expect to pay next month?
1
Expert's answer
2020-11-20T07:23:23-0500

Since student loans are paid off in equal installments, Rhonda needs to pay the same amount next month.


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