Mathematics, 23.05.2021 05:30 cbawesome8

Consider a student loan of $ 25,00 at a fixed APR of 12 % for 20 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: 1

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Consider a student loan of ​$ 25,00 at a fixed APR of 12 ​% for 20 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.

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Consider a student loan of $ 25,00 at a fixed APR of 12 % for 20 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.