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Loan Amount Loan Term Interest Rate Per Year (APR) Monthly Payment Total Repayment Total Interest Paid $10,000 2 years 5% $10,000 3 years 5% $10,000
| Loan Amount | Loan Term | Interest Rate Per Year (APR) | Monthly Payment | Total Repayment | Total Interest Paid |
| $10,000 | 2 years | 5% |
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| $10,000 | 3 years | 5% |
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| $10,000 | 4 years | 5% |
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- Explain the process (formula) to calculate the total repayment and the total interest paid.
Total Repayment = _____________________________________________
Total Interest Paid = ____________________________________________
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