Posted by
**Ashlie** on
.

The monthly loan payment was calculated at 119 payments of $330.38 plus a final payment of $329.73

Loan balance: $25,000.00

Loan interest rate 10.0%

Monthly loan payment: $330.38

Number of payments: 120

Cumulative Payments: $39,644.05

Total Interest paid: $14,644.95

On average, what dollar amount of each monthly payment is interest? $122.04, $119.04, or $116.04 ?

What percent of the total payments is total interest? 36.9, 35.9, or 34.9 %

Please help me out!