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.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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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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