Quention It 9: Exercise 45: Accelerated Loan Payment. Suppose you have a student loan of 530 c00 with an APR of 9% for 20 yearn. What are your required monthly payments? ANSWER: $ What will your total payment be for the 20 year term? AWSWER-\$ Suppose you would like to pay the loan of in 10 years instead of 20 Whot menthly nayments wil you naed to make? ANSWIR. What will your total payment be for the 10-year term? ANSWER: 5