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Mathematics, 08.07.2020 18:01 jacamron
Consider a student loan of $20,000 at a fixed APR of 12% for 15 years. a. Calculate the monthly payment.(Do not round until the final answer. Then round to the nearest cent as needed.) b. Determine the total amount paid over the term of the loan. (Round to the nearest cent as needed.) c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. (Round to the nearest tenth as needed.)
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Consider a student loan of $20,000 at a fixed APR of 12% for 15 years. a. Calculate the monthly paym...
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