At the end of her schooling, Irene owes $12,500.00 in student loans. A repayment schedule is set up with a bank with the interest rate set at 9% c.m. over 10 years and monthly payments of $158.34. a. For tax purposes, interest paid on student loans may be used as a tax deduction. How much interest is paid in the first year of the loan? b. If Irene paid $200.00 per month instead of the monthly payment of $158.34. calculate her final payment and interest savings