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Consider the following loan. Complete parts (a)(c) below. An indivibual borrowed $67,000 ot an APR of 3%, which wal be paid ofl with monthly payments

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Consider the following loan. Complete parts (a)(c) below. An indivibual borrowed $67,000 ot an APR of 3%, which wal be paid ofl with monthly payments of $372 for 20 years: a. Identify the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount The amount borrowed is $ the annual interest rate is %, the number of payments per year is , the loan term is yoars, and the payment amount is 5 b. How many total payments does the loan require? What is the total amount paid over the full term of the loan? There are payments toward the loan and the total amount paid is $ c. Of the total amount paid, what percentage is paid toward the peincipal and what percentage is paid for interest? The percentage paid toward the principal is $ and the percentage paid for interest is \& (Round to the nearest tonth as needed)

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