Based on the information below, choose the correct answers. Note: The monthly loan payment was calculated at 119 payments of $24
2.66 plus a final payment of $241.78. Loan Balance: $20,000.00
Loan Interest Rate: 8.00%
Monthly Loan Payment: $242.66
Number of Payments: 120
Cumulative Payments: $29,118.32
Total Interest Paid: $9,118.32
On average, what dollar amount of each monthly payment is interest? $
What percent of the total payments is total interest? % NEXT QUESTION ASK FOR HELP
The best step to do next is to add 80 to both sides of equation: 5 ( x² + 8 x ) + 80 = 14 + 80 and since 80 = 5 · 16 5 ( x² + 8 x + 16 ) = 94 Answer : B ) After that we will continue like this: 5 ( x + 4 )² = 94 ( x + 4 )² = 18.8 ... etc
