Question: Question # 2: Exercise 15: Loan Payments. A student loan of $100000 at a fixed APR of 6% for 20 years. Calculate the monthly payment.

Question \# 2: Exercise 15: Loan Payments. A student loan of

Question \# 2: Exercise 15: Loan Payments. A student loan of $100000 at a fixed APR of 6% for 20 years. Calculate the monthly payment. ANSWER: \$ Determine the total amount paid over the term of the loan. ANSWER: 5 Of the total amount paid, what percentage is for the principal? ANSWER. Of the total amount paid, what percentage is for interest

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