Mathematics, 23.05.2021 04:30 yoyoho6218
Consider a student loan of $ 22500 at a fixed APR of 6 % for 25 years.
a. Calculate the monthly payment.
b. Determine the total amount paid over the term of the loan.
c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.
Answers: 2
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Consider a student loan of $ 22500 at a fixed APR of 6 % for 25 years.
a. Calculate the monthly p...
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