Question

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?

Answer 1

HELLO

ANSWER .

Note: The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54.

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

Note: The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54.Loan Balance: $30,000.00Loan Interest Rate: 7.00%

Note: The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54.Loan Balance: $30,000.00Loan Interest Rate: 7.00%Monthly Loan Payment: $348.33

Note: The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54.Loan Balance: $30,000.00Loan Interest Rate: 7.00%Monthly Loan Payment: $348.33Number of Payments: 120

Note: The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54.Loan Balance: $30,000.00Loan Interest Rate: 7.00%Monthly Loan Payment: $348.33Number of Payments: 120Cumulative Payments: $41,798.81

Note: The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54.Loan Balance: $30,000.00Loan Interest Rate: 7.00%Monthly Loan Payment: $348.33Number of Payments: 120Cumulative Payments: $41,798.81Total Interest Paid: $11,798.81

Note: The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54.Loan Balance: $30,000.00Loan Interest Rate: 7.00%Monthly Loan Payment: $348.33Number of Payments: 120Cumulative Payments: $41,798.81Total Interest Paid: $11,798.81On average, what dollar amount of each monthly payment is interest? $

Note: The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54.Loan Balance: $30,000.00Loan Interest Rate: 7.00%Monthly Loan Payment: $348.33Number of Payments: 120Cumulative Payments: $41,798.81Total Interest Paid: $11,798.81On average, what dollar amount of each monthly payment is interest? $ What percent of the total payments is total interest?

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