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Mathematics, 24.12.2019 05:31 jalenrussell321

Note: the monthly loan payment was calculated at 119 payments of $232.22 plus a final payment of $231.69. loan balance: $20,000.00 loan interest rate: 7.00% monthly loan payment: $232.22 number of payments: 120 cumulative payments: $27,865.87 total interest paid: $7,865.87 on average, what dollar amount of each monthly payment is interest? $ what percent of the total payments is total interest?

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Note: the monthly loan payment was calculated at 119 payments of $232.22 plus a final payment of $2...

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