Question 36, Problem P7... Part 1 of 3 HW Score: 5.17%, 3 of 58 points O Points: 0 of 1 Save Noah took out $20,947 in private student loans at 15 percent APR. His cousin Ava took out the same amount of student loans, but she got a federal student loan with an APR of 4 percent. What is the difference in the amounts Noah and Ava will pay for their student loans (over 10 years), assuming the interest starts accumulating on the same day? Click on the table icon to view the Monthly Installment Loan Payment Factor (MILPF) table ..... The total amount Noah will pay for his student loan is $ (Round to the nearest cent.) Monthly Installment Loan Tables ($1,000 loan with interest payments compounded monthly) i 6 12 18 24 30 36 48 60 72 84 96 120 4.00% 168.62 85.15 57.33 43.42 35.08 29.52 22.58 18.42 15.65 13.67 12.19 10.12 4.25% 168.74 85.26 57.4443.54 35.19 29.64 22.69 18.53 15.76 13.78 12.31 10.24 4.50% 168.86 85.38 57.56 43.65 35.31 29.75 22.80 18.64 15.87 13.90 12.42 10.36 4.66% 168.94 85.45 57.63 43.72 35.38 29.82 22.88 18.72 15.95 13.97 12.50 10.44 4.75% 168.98 85.49 57.67 43.76 35.42 29.86 22.92 18.76 15.99 14.02 12.54 10.48 5.00% 169.11 85.61 57.78 43.87 35.53 29.97 23.03 18.87 16.10 14.13 12.66 10.61 5.25% 169.23 85.7257.89 43.98 35.64 30.08 23.14 18.99 16.22 14.25 12.78 10.73 5.50% 169.35 85.84 58.01 44.10 35.75 30.20 23.26 19.10 16.34 14.37 12.90 10.85 5.75% 169.47 85.95 58.12 44.21 35.87 30.31 23.37 19.22 16.46 14.49 13.02 10.98 6.00% 169.60 86.07 58.23 44.32 35.98 30.42 23.49 19.33 16.57 14.61 13.14 11.10 6.25% 169.72 86.18 58.34 44.43 36.09 30.54 23.60 19.45 16.69 14.73 13.26 11.23 6.50% 169,8486.30 58.46 44.55 36.20 30.65 23.71 19.57 16.81 14.85 13.39 11.35 6.75% 169.96 86.41 58.57 44.66 36.32 30.76 23.83 19.68 16.93 14.97 13.51 11.48 7.00% 170.09 86.53 58.68 44.77 36.43 30.88 23.95 19.80 17.05 15.09 13.63 11.61 7.25% 170.21 86.64 58.80 44.89 36.55 30.99 24.06 19.92 17.17 15.22 13.76 11.74 7.50% 170.33 86.76 58.91 45.00 36.66 31.11 24.18 20.04 17.29 15.34 13.88 11.87 7.75% 170.45 86.87 59.03 45.11 36.77 31.22 24.30 20.16 17.41 15.46 14.01 12.00 8.00% 170.58 86.99 59.14 45.23 36.89 31.34 24.41 20.28 17.53 15.59 14.14 12.13 8.25% 170.70 87.10 59.25 45.34 37.00 31.45 24.53 20.40 17.66 15.71 14.26 12.27 8.50% 170.82 87.22 59.37 45.46 37.12 31.57 24.65 20.52 17.78 15.84 14.39 12.40 8.75% 170.95 87.34 59.48 45.57 37.23 31.68 24.77 20.64 17.90 15.96 14.52 12.53 9.00% 171.07 87.45 59.60 45.68 37.35 31.80 24.89 20.76 18.03 16.09 14.65 12.67 9.25% 171.19 87.57 59.71 45.80 37.46 31.92 25.00 20.88 18.15 16.22 14.78 12.80 9.50% 171.32 87.68 59.83 45.91 37.58 32.03 25.12 21.00 18.27 16.34 14.91 12.94 9.75% 171.44 87.80 59.94 46.03 37.70 32.15 25.24 21.12 18.40 16.47 15.04 13.08 10.00% 171.56 87.92 60.06 46.14 37.81 32.27 25.36 21.25 18.53 16.60 15.17 13.22 10.25% 171.68 88.03 60.17 46.26 37.93 32.38 25.48 21.37 18.65 16.73 15.31 13.35 10.50% 171.81 88.15 60.29 46.38 38.04 32.50 25.60 21.49 18.78 16.86 15.44 13.49
