You borrowed $25,000 from a local bank to pay for your graduate degree, and the bank changes you interest at 8% APR compedes For this loan, you are required to pay back monthly equal payment at the end of each month) for the next 5 years Calculate the monthly payment and total interest you would have paid over 5 years. 7 A - B 1 $ Amont borrowed = $25,000 Fate = 6% erm of loan= 10 years