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Consider the following loan. Complete parts (a)-(c) below. An individual borrowed $71,000 at an APR of5 %, which will be paid off with monthly payments

Consider the following loan. Complete parts (a)-(c) below. An individual borrowed $71,000 at an APR of5 %, which will be paid off with monthly payments of $ 456 for 21 years. Question content area bottom Part 1 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 $ enter your response here, the annual interest rate is enter your response here%, the number of payments per year is enter your response here, the loan term is enter your response here years, and the payment amount is $ enter your response here

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