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A student loan of $24,000 at a fixed APR of 7% for 10 years. a. Calculate the monthly payment. b. Determine the total amount paid

A student loan of $24,000 at a fixed APR of 7% for 10 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 principal and what percentage is for interest?

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