Based on the information below, choose the correct answers.
Note: The monthly loan payment was calculated at 119 payments of $330.38 plus a final payment of $329.73.
Loan Balance: $25,000.00
Loan Interest Rate: 10.0%
Monthly Loan Payment: $330.38
Number of Payments: 120
Cumulative Payments: $39,644.95
Total Interest Paid: $14,644.95
On average, what dollar amount of each monthly payment is interest? $
What percent of the total payments is total interest? %
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Based on the information below, choose the correct answers. Note: The monthly loan payment was calculated at 119 payments of $330.38 plus a ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A figure is made from 8 unit blocks. It is 3 units tall. What is the maximum length the figure could be? Explain.
Answers (1)
Macs hotel had 128 rooms, and 25% of the rooms in the hotel did not have an ocean view. Write an expression to find the total number of rooms in the hotel that had an ocean view.
Answers (1)
At Hoffman's Bike Rentals, it costs $38 to rent a bike for 7 hours. How many dollars does it cost per hour of bike use
Answers (1)
What is the value of n so that the expression x^2 + 11x + n is a perfect trinomial? a) 11 b) 25 c) 30.25 d) 36
Answers (1)
The perimeter of a square must be greater than 148 inches but less than 196 inches. Find the range of possible side lengths that satisfy these conditions. (Hint: The perimeter of a square is given by P=4s, where s represents the length of a side).
Answers (1)
New Questions in Mathematics
a restaurant holds 150 diners. when you arrive and are finally seated, the resterant is 2/5 full how many diners are in the restaurant
Answers (1)
How many times does 46 go into 351
Answers (2)
The circumference of a circle is 16Pi ft. The radius is ft.
Answers (1)
Write equation and solve. Half of your baseball card collection got wet and was ruined. You bought 15 cards to replace some that were lost. How many did you begin with if you now have 38 cards
Answers (2)
Determine whether the data described are qualitative or quantitative and give their level of measurement. If the data are quantitative, state whether they are continuous or discrete.
Answers (1)