Suppose you have the following three student loans:
Loan 1: $11,000 with an APR of 8.5% for 12 years,
Loan 2: $17,000 with an APR of 9% for 17 years, and
Loan 3: $14,500 with an APR of 10% for 7 years.
a. Calculate the monthly payment for each loan.
a) $108.28, $148.09, $226.05
b) $120.57, $166.21, $253.45
c) $95.73, $131.86, $201.36
d) $130.25, $179.04, $272.90
