$18,000 are borrowed by Frank through the PLUS program to attend his last two years of police academy. If the current annual interest rate for a 7-year loan is 3.9% and Frank starts repayment of the loan 2 years after graduation, what is Frank’s monthly payment?
a. $263.48
b. $264.34
c. $282.55
d. $283.46
d. $283.46
Mathematics
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What will be an ideal response?
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A. 
B. 
C. 
D. 
Mathematics
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> 
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Mathematics