Mirian I.

asked • 02/16/15

Math question

Calculate the monthly payment, the total amount paid over the term of the loan, the total amount of interest paid over the term of the loan, and finally what percentage of the total amount is due to interest given the following assumptions:

A student loan of $10,000 with a fixed APR of 4.25% for 10 years.
 
 
 
 ??? %(Round to the nearest whole number.)

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