Question: Question 1 (24 points) Daniel has $35,000 in student loan debt. The loan was borrowed at 5.25%. He wants to pay the loan back in
Question 1 (24 points) Daniel has $35,000 in student loan debt. The loan was borrowed at 5.25%. He wants to pay the loan back in 10 years. Part 1: How much is his monthly payment? A Part 2: How much interest did he pay on the loan? A Part 3: If he paid an extra $150 per month, how long would it take him to pay off the loan? (Round to the nearest tenth of a year.)
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