Calculate the monthly payment for a student loan of $130,257 at a fixed APR of 8.7% for 25 years.
N=25*12; R=0.087/12;PV=130257; PMT=PV*R*((1 + R)^N) / ((1 + R)^(N) - 1);print"LOAN PMT =$",PMT
LOAN PMT =$ 1066.48
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