Mathematics, 16.10.2021 23:40 colemanjosiah03
A student loan of $100,000 at a fixed APR of 6% 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 for the principle and what percentage is for interest?
Answers: 3
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A student loan of $100,000 at a fixed APR of 6% for 20 years.
a. Calculate the monthly payment.
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