Consider a student loan of 25000 at a fixes apr of 9 for 25, Ask an Expert

Finance

Consider a student loan of $25,000 at a fixes APR of 9% for 25 years.

Monthly payment?

Determine the total amount paid over the term of loan?

Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest?

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Financial Management, Finance

Category:- Financial Management
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