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6 June, 22:37

Amount: $225,000

Rate: 7 %

Payments: 360 @ $1,496.93

Total Interest: $313,894.80

How much will be repaid for this loan? $

What percentage of this total is total interest? %

What will be the average amount per payment for interest? $

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Answers (1)
  1. 7 June, 01:19
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    1) 360*1,496.93=538,894.8

    2) (538,894.8-225000) / 538,894.8

    = (313,894.8/538,894.8) * 100==58.25%
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