Based on the information below, choose the correct answer.
note: the monthly loan payment was...
Mathematics, 31.08.2019 07:20 AnimePo2020
Based on the information below, choose the correct answer.
note: the monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54.
loan balance: $30,000.00
loan interest rate: 7.00%
monthly loan payment: $348.33
number of payments: 120
cumulative payments: $41,798.81
total interest paid: $11,798.81
on average, what dollar amount of each monthly payment is interest? $
what percent of the total payments is total interest? %
Answers: 2
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