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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: $ with an APR of for years$ comma with an APR of for years and $ with an APR of for 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 and a loan term of years. What will your monthly payments be in that case? What will your total payments be over the years Question content area bottom Part a The monthly payment of the $ loan is $Do not round until the final answer. Then round to the nearest cent as needed.
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