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Answer the following questions utizing the information below. For your responses, round your answer to the nearest dollar and omit any doliar aigns, commas, decimais,

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Answer the following questions utizing the information below. For your responses, round your answer to the nearest dollar and omit any doliar aigns, commas, decimais, and percent aigns. Example; an answer of $543,249.54 is to be typod in the answer space as 543260 . You have taken the following student loons: - $25,000 taken at the beginning of your freshman yeat. Payments begin 4.5 years latoc. - \$25,000 taken at the beginning of your sophomore year. Payments begin 3.5 yenrs later. - $25,000 taken at the beginning of your junior year. Payments begin 2.5 years tater. - $25,000 taken at the beginning of your senior year, Payments begin 1,5 years later. If each loan has an APR of 5%, how much interest will capitalize at the end of deforment? (Remember, payments begin at the end of deferment) What is the lotal loan balance (of all four loans) at the end of deferment? What will the total monthly ioan payment be it the loans are to be paid back over ten years of equal monthly paymente? (Calculate the monthly peyment based on the iotar toan balance). If you have been making these payments for two years (24 payments). and then you need to put your loan on forbearance for one year, What is your loan balance at the beginning of fortearance? What is your loan balance at the end of forbearance? What is your new payment at the end of forbearance (when the interest capitalizes)

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