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11 August, 11:01

Using the information below, choose the correct answers.

Amount: $200,000

Rate: 7%

Payments: 360 @ $774.50

Total Interest: $78,820.00

A. How much will be repaid for this loan? $

B. What percentage of this total is total interest?

C. What will be the average amount per payment for interest?

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  1. 11 August, 11:11
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    The right answer for the question that is being asked and shown above is that: "C. What will be the average amount per payment for interest?" Using the information below, the correct answer is C. What will be the average amount per payment for interest?
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