Jane secured a $25,000 loan for tuition and is not required to start paying it back till after she has graduated. She is paying interest at the rate of 6.3% per year, compounded monthly. (a) Verify that the interest rate per month is 0.00525. (b) Fill in the missing details below: • 1 month after securing the loan, she was owing 25000+ Interest. This comes to 25000 + 25000 x 0.00525 = 25000 (1 + 0.00525) = 25000 (

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