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What is the minimum payment each month

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Question 1: What is the minimum payment each month?

Scenarios (complete each scenario on a separate tab and label each tab appropriately):

Discussion 1. Pay the minimum required.

Discussion 2. Pay an extra $250/month. When will you have the loan paid off by?

Discussion 3. Pay an extra $250/month and make a larger payment (equal to 50% of your year end bonus) each December. When will you have the loan paid off by?

Attachment:- payment tab.rar

Reference no: EM132458822

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