Consider the following loan. Complete parts (a)-(c) below
An individual borrowed $72,000
at an APR of 5%, which will be paid off with monthly payments of $450 for 22 years.
A. Identify the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount
The amount borrowed is The annual interest rate is %
the number of payments per year is the loan term is ____ years, and the payment amount is $