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You borrow $12,000 for educational expenses (ie, a student loan). Six months after graduation you...

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Accounting

You borrow $12,000 for educational expenses (ie, a student loan). Six months after graduation you need to start making monthly payments on your loan. If the loan repayment period is 10 years and the APR is 6.7%, how much total interest will you pay over the 10 years? Group of answer choices $4,498 in total interest paid over 10 years $3,749 in total interest paid over 10 years $4,279 in total interest paid over 10 years $5,669 in total interest paid over 10 years

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