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Consider a student loan of $22,500 at a fixed APR of 9% for 30 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 5 (Do not round until the final answer. Then round to the nearest cent as needed.) Consider a home mortgage of $150,000 at a fixed APR of 6% for 25 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 $ (Do not round until the final answer. Then round to the nearest cent as needed.) WESLUIHIN Suppose that on January 1 you have a balance of $4200 on a credit card whose APR is 13%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1 a Calculate your monthly payments b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from part(b) is interest? a. The monthly payment is (Do not round until the final answer. Then round to the nearest cent as needed)

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