Question: Qunstion a 1: Exercise 13: Loan Terminology, You borrowed $120000 at an APR of 6%, which vou are nawne off with monthy payenents of $1013

Qunstion a 1: Exercise 13: Loan Terminology, You borrowed $120000 at an APR of 6%, which vou are nawne off with monthy payenents of $1013 for 15 years. The amount borrowed is 5 The aninul inferest rate in The number of payments per year are The loan term is years The payment amoent is $ How many total payments does the loan require? ANSWER What is the total amount paid over the full term of the loan? AUSWER. 5 Of the total amount paid, what percentage is for the principal? AMSWER: Of the total anpount poid. what percentage is for interest? AlSWWER

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