Based on the information below, choose the correct answer.
2 answers:
Answer:
On average, what dollar amount of each monthly payment is interest? 98.32
What percent of the total payments is total interest? 28.2
Step-by-step explanation:
Hi there
dollar amount of each monthly payment is interest
11,798.81÷120
=98.32
percent of the total payments is total interest
(11,798.81÷41,798.81)×100
=28.23%
Hope it helps
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