2.Consider a student loan of $18,000 with an APR of 6% for 8 years. Find: a) the monthly payment; b) the total amount paid on the loan; c) percent of total amount that went toward the principal; d) percent of the total amount paid that went toward interest.

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A: (a) Obtain the monthly payment as follows.

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A: Given :Principle = 200000APR = 4.5%Time = 25 years

Q: Calculate

A:

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A:

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A:

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A: If you have any problem let me know in comment box thankyou.

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A: