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Suppose you have the following three student loans: $ 1 0 , 0 0 0 with an APR of 6 . 5 % for 1

Suppose you have the following three student loans: $10,000 with an APR of 6.5% for 17years,$15 comma 000 with an APR of 7% for 22years, and $12,500 with an APR of 8% for 12 years. a. Calculate the monthly payment for each loan individually. b. Calculate the total you'll pay in payments during the life of all three loans. c. A bank offers to consolidate your three loans into a single loan with an APR of 7% and a loan term of 22 years. What will your monthly payments be in that case? What will your total payments be over the 22years? Question content area bottom Part 1 a. The monthly payment of the $10,000 loan is $_____(Do not round until the final answer. Then round to the nearest cent as needed.)

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