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OpenStudy (anonymous):
Consider a student loan of $12500 at a fixed APR of 6% for 15 years a. Calculate monthly payment b. Determine total amount paid c. Of the total amount paid what percent is paid toward the principal and what percentage is paid for interest?
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OpenStudy (tkhunny):
Surely you have some formulas to help you on your way. What have you and how shall you proceed?
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