
a) How big of a loan can you afford? (Round to the nearest cent, as needed.)

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b) How much total money will you pay the loan company? (Round to the nearest cent, as needed.)

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c) How much of that money is interest? (Round to the nearest cent, as needed.)

It seems like you are asking for help with a loan-related problem, but I need more details to solve it. Could you provide the necessary information, such as:

- The loan's interest rate (annual or monthly).
- The loan term (in months or years).
- The monthly payment amount you can afford (if you're calculating how much loan you can take).
- Any initial principal or amount you're thinking of.

Once you give these details, I can help with the calculations!

Let me know if you'd like more assistance or details. Here are some related questions to explore:

1. How is the interest on a loan typically calculated?
2. What is the difference between fixed-rate and adjustable-rate loans?
3. How can you minimize the amount of interest paid over the life of a loan?
4. What are the advantages of making extra payments on a loan?
5. How do early repayments impact the total interest paid?

**Tip:** Using an amortization table can help you track how your payments reduce both principal and interest over time.

How big of a loan can you afford? (Round to the nearest cent, as needed.) How much total money will you pay the loan company? (Round to the nearest cent, as needed.) How much of that money is interest? (Round to the nearest cent, as needed.)

Learn how to calculate how much loan you can afford and how to compute the total payment and interest for a loan. This guide includes essential formulas and key concepts for loan amortization, suitable for high school students.

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