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Sam takes out a $25,000 student loan to pay his expenses while he is in college. After graduation, he will begin making payments of $167.88 per month for the next 20 years to pay off the loan. how much more will Sam end up paying for the loan than the original value of $25,000?

User Regeirk
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1 Answer

5 votes
Sam will end up paying $15291.20 more than the original value of the loan
User Akshay Shrivastava
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