In the figure below, A shows the position of a house on the shore and B shows the position of a house on an island. To find the
distance between the two houses,a surveyor measures from the house on shore to point C. An instrument is used to find
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Answer:
1) Repaid for the loan = $239,511.60
2) Percentage = 58.2%
3) Average amount = $387.53
Step-by-step explanation:
Given :
Amount $100,000
Rate 7%
Payments 360 - $665.31
Total interest $139,511.60
To find :
1) How much will be repaid for this loan?
Repaid for the loan = Amount - Total interest
Repaid for the loan = 100,000 + 139,511.60
Repaid for the loan = $239,511.60
2) What percentage will be repaid for this loan?
3) What will be the average amount per payment for interest?