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23 July, 21:57

Using the information below, choose the correct answers.

Amount: $125,000 Rate: 8 % Payments: 360 @ $917.19 Total Interest: $205,188.40

How much will be repaid for this loan? $

What percentage of this total is total interest (to the nearest tenth) ?

What will be the average amount per payment for interest? $

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  1. 23 July, 22:25
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    125,000+205,188.40=330,188.4

    205,188.4:330,188.4=0.621*100=62.1%

    917.19*0.621=569.57
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