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Directions: For each of the following, calculate: A. Monthly payment to the nearest cent) B. Total amount paid over the course of the loan C.

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Directions: For each of the following, calculate: A. Monthly payment to the nearest cent) B. Total amount paid over the course of the loan C. Amount of the total amountpaid that is interest D. Percentage of the total amount paid that is principal (to the nearest tenth of a percent) E. Percentage of the total amount paid that is interest (to the nearest tenth of a percent) Problems 1. A studentloan of $100.000 at a fixed APR of 6% for 20 years 2. A home mortgage of $420,000 with a fixed APR of 3.5% for 30 years 3. Home mortgage of $125,000 with a fixed APR of 3% for 15 years 4. You borrow $9.600 for a period of 3 years at a fixed APR of 8% 5. You borrow $150,000 for a period of 15 years at a fixed APR of 5% 6. You borrow $75,000 for a period of 8 years at a fixed APR of 14.5% 7. You want a "man-cave" in your house at the cost of $13,500, so you take out a loan of th at amount at a 12.5% fixed APR for 7 years 8. Your studentloans total $32,440 You are given a fixed APR of 3 375% and 10 years to pay off the loan 9. You borrow $2,500 from a "pay day loan company. This loan is for 2 years and has a fixed APR of 18% 10. You want to buy a Cadillac that costs $47,898 and finance it through the dealership. The dealership offers a 1% fixed APR for 7 years 11. Your home loan is $189,000. You financed this through PNC Bank with a fixed APR of 5.875% for 30 years

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