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Donna graduated from college with $30000 in student loan debt. The annual rate on her...

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Accounting

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Donna graduated from college with $30000 in student loan debt. The annual rate on her loans is 5 percent simple interest and she will make monthly payments for 10 years. What is the remaining balance on her loan after five years, or 60 months? (Hint: Use the amortization function on your financial calculator or Excel Worksheet 5.6.) $10908 $16861 $15000 $19092

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