Sam takes out $75,000 in college loans. The standard loan term after graduating from college is 10 years. Suppose 6%
interest.
a) What would the monthly payment be on this amount of money for 10 years and 6% interest?
b) Take the monthly payment of _____ and times the number of months it will be paid: ____=____ (total paid)
c) How much of the total paid was interest? _____