Suppose you have the following three student loans: $10,000 with an APR of 7.5% for 12years, $15,000 with an APR of 8% for 17years, and $13,500 with an APR of 9% for 7years.

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 8% and a loan term of17 years. What will your monthly payments be in that case? What will your total payments be over the17 years?

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.)

The monthly payment of the $15,000 loan is $________

(Do not round until the final answer. Then round to the nearest cent as needed.)

The monthly payment of the $13,500 loan is $__________

(Do not round until the final answer. Then round to the nearest cent as needed.)

b. The total you'll pay in payments during the life of all three loans is $___________

(Round to the nearest cent as needed.)

c. The monthly payment of the consolidated loan is $______

(Do not round until the final answer. Then round to the nearest cent as needed.)

The total you'll pay in payments during the life of the consolidated loan is $________

(Round to the nearest cent as needed.)