1. Ingrid will start college next year. She was approved for 10-year unsubsidized Federal Loan for the amount of $15,000 at4.79%a How much interest will Ingrid accrue for 4.5 years norpavment period?b) What will the new principal be when she begins makina loanpayments:C) How much interest will she pav over the life or the loan!2. Suppose Ingrid only paid the interest during her 4 yearsschool and the six-month grace period. What will she nowpay in interest over the term of the loan?3. Inaria made ner last montiy Interest ony davment onSeptember 1 Her next payment is due on October 1. Whatwill be the amount or interest onIv pavment!4. Suppose Ingrid has decided to apply for a private loan ratherthen a federal loan. She has been approved for a 10 vealoan with APR of 7. 8%a) What is her monthly payments?b What is the total amount she will dav back:C What is total interest amount?