Consider the following loan. Complete parts​ (a)-(c) below. An individual borrowed ​$ at an APR of ​%, which will be pai

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Consider the following loan. Complete parts​ (a)-(c) below. Anindividual borrowed ​$ at an APR of ​%, which will be paid off withmonthly payments of ​$ for years. Question content area bottom Part1 a. Identify the amount​ borrowed, the annual interest​ rate, thenumber of payments per​ year, the loan​ term, and the paymentamount. The amount borrowed is ​$    enter your response here​, theannual interest rate is    enter your response here​%, the numberof payments per year is    enter your response here​, the loan termis    enter your response here ​years, and the payment amount is ​$