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How many months will take for jack to pay off student loans

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Question 1: Jack just finished his residency after medical school and has $400,000 of student loans. He will be paying $3,500 monthly on his student loans now that he is starting his job as a dermatologist. The annual interest rate on Jack's student loans is 6.5%. How many months will it take for Jack to pay off his student loans, given that he continues to pay $3,500 a month on them?

Reference no: EM132652363

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