Mathematics, 15.07.2020 21:01, vrw28
Consider a student loan of $20, 000at a fixed APR of 125 for 30 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
a. The monthly payment is $
(Do not round until the final answer. Then round to the nearest cent as needed)
Answers: 2
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Consider a student loan of $20, 000at a fixed APR of 125 for 30 years
a. Calculate the monthly pay...
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