Consider a student loan of 15,000 at a fixed APR of 9% for 25 years. A) Calculate the monthly payment B) Determine the tiaras 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.

The monthly payment will be $ 162.50. In turn, the interest paid will be $ 33,750, constituting 69.23% of the total amount paid.

Step-by-step explanation:

Since there is a student loan of 15,000 at a fixed APR of 9% for 25 years, to calculate the monthly payment, determine the tiaras amount paid over the term of the loan, and determine, of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest, the following calculations must be performed:

((15,000 x 0.09) x 25) + 15,000 = X

33,750 + 15,000 = X

48,750 = X

48,750 / (25x12) = X

48,750 / 300 = X

162.5 = X

48,750 = 100

33,750 = X

33,750 x 100 / 48,750 = X

69.23 = X

Therefore, the monthly payment will be $ 162.50. In turn, the interest paid will be $ 33,750, constituting 69.23% of the total amount paid.

step-by-step explanation:

the original amount doesn't ''re just looking for the time it takes for 1/2 of the substance to we have

(1/2) =)     take the ln   of both sides

ln (1/2)   = )   and we can write

ln(1/2) = ) lne     and lne   = 1     so we have

ln(1/2) = -.1092t     divide both sides by -.1092

t = ln(1/2)/-.1092 = about 6.347 days = about 6.3 days (rounded)