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Gertrude takes out a great $5,500 subsidized Stafford mortgage, and that need to be repaid in the a decade. Gertrude have a tendency to scholar several years once taking out fully the mortgage. If your financing has an interest speed of six.8%, combined month-to-month, and Gertrude produces monthly payments, how much interest tend to she shell out by the time the borrowed funds is paid back?
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