Question 16 (0.15 points) What is the total amount you will have to repay for your $13,000 student loan if the interest rate is 6% APR with monthly compounding and you pay equal monthly payments over the 10 year life of the loan? Your Answer: Answer View hint for Question 16 Question 17 (0.15 points) A payday loan company charges you 5% interest to borrow money for just two weeks. What is the equivalent annual percentage rate? Your Answer: Answer Question 18 (0.15 points) You took a $600 cash advance by using checks linked to your credit card account. The bank charges you a 1% cash advance fee on the amount borrowed with no grace period on cash advances. How much money is required to pay off the balance in full after one month at 22% APR? Your Answer: Answer Question 19 (0.15 points) To pay for your education, you've taken out $41,000 in student loans. If you make monthly payments over 10 years at 3% APR interest compounded monthly, how much are your monthly student loan payments? Your