Using the Loan Payment Calculator on Finaid.org, determine the monthly payment for a $30,000 student loan with a 6% annual interest rate over a 10-year repayment period. Also, state the total interest paid over the life of the loan.
Navigate to finaid.org. Locate and click on the 'Calculators' link. Locate and click on the 'Loan Payment Calculator' link. Input '30000' into the 'Loan Amount' field. Input '6' into the 'Annual Interest Rate' field. Input '10' into the 'Years to Repay' field. Click the 'Calculate' or 'Submit' button. Identify and extract the 'Monthly Payment' amount. Identify and extract the 'Total Interest Paid' amount.
Successfully navigate to the Loan Payment Calculator. Input $30,000 for the Loan Amount. Input 6% for the Annual Interest Rate. Input 10 years for the Years to Repay. State the calculated monthly payment. State the calculated total interest paid.