SAT, 28.12.2021 08:40 aubreystechschu11331

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? %.

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