John received a 10-year subsidized student loan of $24,000 at an annual interest rate of 5.7%. Assuming John graduates in 5 years, determine John’s monthly payment on the loan.

a.  $261.61
b.  $262.85
c.  $248.67
d.  $200.36

b.  $262.85

Mathematics

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A. - 
B. - 
C. -5
D. - 

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A. 4 B. 8 C. 32 D. 16

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A.  4 + C
B.  4 + C
C. 2 e-6x 4 + C
D.   + C

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A. No B. Yes

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