Calculate the monthly payment amount of the loan, Mathematics

Consider a student loan of $12,500 at a fixed APR of 12% for 25 years,

1. What is the monthly payment amount?

2. What is the total payment over the term of the loan?

3. OF the total payment over the term of the loan, what percentage is paid toward principal amount and what percentage is paid toward interest?

Posted Date: 2/28/2013 5:45:49 AM | Location : United States







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