Mathematics, 19.10.2019 21:20, Bidboidipper

Note: the monthly loan payment was calculated at 119 payments of $367.96 plus a final payment of $367.57.

loan balance: $30,000.00
loan interest rate: 8.25%
number of payments: 120
monthly loan payment: $367.96
cumulative payments: $44,154.81
total interest paid: $14,154.81

on average, what dollar amount of each monthly payment is interest ?

Answers: 2

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Note: the monthly loan payment was calculated at 119 payments of $367.96 plus a final payment of $3...