Question: A student borrows $45,600 at 10.8% compounded monthly. Find the monthly payment and total interest paid over a 15 year payment plan. The payment size

A student borrows $45,600 at 10.8% compounded monthly. Find the monthly payment and total interest paid over a 15 year payment plan. The payment size is 5 (Round to the nearest cent as needed.) The total interest paid over the 15 years is $ (Round to the nearest cent as needed.) Find the present value of an ordinary annuity with deposits of $10,825 semiannually for 6 years at 5.6% compounded semiannually What is the present value? 3 (Round to the nearest cent.)
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