Consider a student loan of $25 comma 00025,000 at a fixed apr of 99% for 1515 years. a. calculate the monthly payment. b. determine the total amount paid over the term of the loan. c. of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. a. the monthly payment is $nothing. (do not round until the final answer. then round to the nearest cent as needed.) b. the total payment over the term of the loan is $nothing. (round to the nearest cent as needed.) c. of the total payment over the term of the loan, nothing% is paid toward the principal and nothing% is paid toward interest. (round to the nearest tenth as needed.)

a. Calculate the monthly payment.

$ 3.101

b. Determine the total amount paid over the term of the loan.

$46.522

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

                               Principal    Interest    

            46.52225.00021.522  

                        53.73%     46.26%

Explanation:

Loan$ 25.000    

N15    

Interest:9,0%    

Monthly payment$ 3.101    

PeriodPaymentCapitalInterestLoan

   25.000

13.1018512.25024.149

23.1019282.17323.220

33.1011.0122.09022.209

43.1011.1031.99921.106

53.1011.2021.90019.904

63.1011.3101.79118.594

73.1011.4281.67317.166

83.1011.5571.54515.610

93.1011.6971.40513.913

103.1011.8491.25212.064

113.1012.0161.08610.048

123.1012.197904          7.851

133.1012.395707          5.456

143.1012.610491         2.845

153.1012.845256             0

               46.52225.00021.522  

                        0,5373     0,4626  

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