amount paid over the full term of the loan? c. Of the total amount paid, what percentage is for the principal and what percentage is for interest? 13. You borrowed $120,000 at an APR of 6%, which you are pay- ing off with monthly payments of $1013 for 15 years. 14. You borrowed $15,000 at an APR of 9%, which you are pay- ing off with monthly payments of $190 for 10 years. 15-24: Loan Payments. Consider the following loans. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan