Sarah's student loan requires monthly payments and has an effective annual rate of 8.24%. The APR on this student loan is closest to: a. 7.75% b. 8.00% c. 8.24% d. 7.92%

Consider a student loan of $10,000 at a fixed APR of 6% for 4 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.)

For the given student loan, find the interest that accrues in a 30-day month, then find the total amount of interest that will accrue before regular payments begin, again using 30-day months. $6400 at 7.9% interest; student graduates 3 years and 9 months after loan is acquired; payments deferred for 6 months after graduation. Part: 0 / 2 Part 1 of 2 The interest that accrues in a 30-day month is $ places, if necessary. Round to two decimal X oo → K

For the given student loan, find the interest that accrues in a 30-day month, then find the total amount of interest that will accrue before regular payments begin, again using 30-day months. $6400 at 7.9% interest; student graduates 3 years and 9 months after loan is acquired; payments deferred for 6 months after graduation. Part: 0 / 2 Part 1 of 2 The interest that accrues in a 30-day month is $. Round to two decimal places, if necessary. X Ś Es