1. What are your monthly payments on the $10,000 student loan you are now ready to pay back if the payments will be spread over the next 10 years with a 6% APR? 2. For a student loan of $10,000 with a...

1. What are your monthly payments on the $10,000 student loan you are now ready to pay back if the payments will be spread over the next 10 years with a 6% APR?

2. For a student loan of $10,000 with a 6% APR, you need to make monthly payments of $111.02 to pay off your loan in 10 years. How much of the payment will go toward the principal and how much will go toward paying interest for each of the first six payments?