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Mathematics, 17.10.2019 17:10 wizz4865

Consider a student loan of

$10,000

at a fixed apr of

66%

for

33

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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Answers: 1

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Consider a student loan of

$10,000

at a fixed apr of

66%
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