Mackenzie received a 5.75% nonsubsidized 15-year student loan for $26,000. Assuming she graduates in 4 years, determine Mackenzie's monthly payment on the loan. (See Example 3 in this section. Round your answer to the nearest cent.)
Mackenzie received a 5.75% nonsubsidized 15-year student loan for $26,000. Assuming she graduates in 4 years, determine Mackenzie's monthly payment on the loan. (See Example 3 in this section. Round your answer to the nearest cent.)
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Mackenzie received a 5.75% nonsubsidized 15-year student loan for $26,000. Assuming she graduates in 4 years, determine Mackenzie's monthly payment on the loan. (See Example 3 in this section. Round your answer to the nearest cent.)
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