Final payment be made and how much is it

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A student loan totals $18,000 a graduation. The interest rate is 6%, and there will be 60 payments beginning 1 month after graduation. If this student received $1,500 as a graduation present and uses it to pay off an extra $1500 in the first month, when will the final payment be made and how much is it?

Reference no: EM13741783

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