Down Browser units 5 Question 24 (10 points) At the end of his schooling, John owes $15,200 in student loans. A repayment schedule is set up with a bank with the interest rate set at 8% cm.over 10 years and monthly payments of $184.42. a) For tax purposes, interest paid on student loans may be used as a tax deduction How much interest is paid in the first year of the loan? 2: 8 9 b) If John paid $200 per month instead of $184.42, calculate the final payment and interest savings. 11 12 age 3: Paranan