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Consider a student loan$17,500of at a fixed APR of6%for15years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the

Consider a student loan$17,500of at a fixed APR of6%for15years.

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.

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