How much will morgan pay in interest, Financial Accounting

How much will morgan pay in interest

Problem

Morgan recently graduated college with their degree and owes (d) $16,830 in student loans with an APR of 4.6% compounded monthly. They are expected to pay off the loan in 15 years. Round answers to two decimal places.

i. Under the current terms of their loan, what is Morgan's minimum monthly payment?
ii. What is the total amount Morgan will pay when the loan is complete?
iii. How much will Morgan pay in interest?

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Financial Accounting: How much will morgan pay in interest

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Financial Accounting: How much will morgan pay in interest

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