SOLUTION: Suppose you haved student loans totaling $20,500 when you graduate from college. The APR is 8% and the loan term is 10 years. A) What are the monthly payments? B) What is the tot

Question 1050469: Suppose you haved student loans totaling $20,500 when you graduate from college. The APR is 8% and the loan term is 10 years.
A) What are the monthly payments?
B) What is the total amount you will pay over the term of the loan?
C) Of the total amount paid, what percentage is paid toward the principal?
D) Of the amount paid, what percentage is paid for interest?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
A) What are the monthly payments? $171.52 Use Desktop Calculator
B) 120(171.32)
C) *100
D) *100
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