Suppose that Britta decided to take out a private loan for $12,000 for which loan payments start as soon as the loan amount is deposited in her account and continue for 10 years. The interest rate is 6.1%.
a. Determine her monthly payment.
b. What is the total amount she will pay back?
c. What is the total interest amount?

Britta has been accepted into a 2-year medical assistant program at a career school. She has been awarded a $6,000 unsubsidized 10-year federal loan at 4.29%. She knows she has the option of beginning repayment of the loan in 2.5 years. She also knows that during this nonpayment time, interest will accrue at 4.29%.