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Consider a student loan of $22,500 at a fixed APR of 9% for 20 years. a. Calculate the monthly payment. b. Determine the total amount

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Consider a student loan of $22,500 at a fixed APR of 9% for 20 years. a. Calculate the monthly payment. b. Determine the total amount paid over the torm of the loart. c. Ol the total amount paid. What percentage is paid toward the principal and what percentage is paid for interest. a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cont as needed.)

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