Consider a student loan of $17,500 at a fixed APR of 6% for 25 years.

a. Calculate the monthly payment.

b. Determine the total amount paid over the term of the loan.

c. Of the total amountpaid, what percentage is paid toward the principal and what percentage is paid for interest.

(round to two decimal places)

Consider a home mortgage of $125,000 at a fixed APR of 4.5% for 25 years.

a. Calculate the monthly payment.

b. Determine the total amount paid over the term of the loan.

c. Of the total amountpaid, what percentage is paid toward the principal and what percentage is paid for interest.

(round to two decimal places)