Using the formula M=⋅(P⁢(r)/(12)⋅(1+(r)/(12))^12⁢t)/((1+(r)/(12))^12⁢t−1) , what is the monthly payment for a student loan of $⁢18,000 at a 6.5% annual interest rate to be repaid over 10 years?

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Student Loans — Quiz

Using the formula M=⋅(P⁢(r)/(12)⋅(1+(r)/(12))^12⁢t)/((1+(r)/(12))^12⁢t−1) , what is the monthly payment for a student loan of $⁢18,000 at a 6.5% annual interest rate to be repaid over 10 years?

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