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Consider a student loan of $ 2 5 , 0 0 0 at a fixed APR of 6 % for 3 0 years. a .
Consider a student loan of $ at a fixed APR of for 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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