# mathematics

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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 %

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