Consider a loan of $22,500 for a period of 25 years at a fixed APR of 8.5%. Complete parts (a) through (c). a. Calculate the monthly payment. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) b. Determine the total amount paid over the term of the loan. The total payment over the term of the loan is [ (Round to the nearest cent as needed.) c. Of the total amount paid, what percentage is for the principal and what percentage is for interest? Of the total amount paid, 1% is for the principal and % is for interest (Round to one decimal place as needed.)