mathematics
posted by Ashlie .
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!
Respond to this Question
Similar Questions

Finance
Loan Payments  If you take out an $8,000 car loan that calls for 48 monthly payments APR of 10 percent, what is your monthly payment? 
Mathematics
I really need help with these three questions. Thank You. 1. Calculate the finance charge and new balance using the previous balance method. Previous balance = $179.32 Annual rate = 16% Finance charge $ ? 
Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of $35,000 that will require monthly payments. What is the monthly loan payment. And … 
Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of $35,000 that will require monthly payments. What is the monthly loan payment. And … 
Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of $35,000 that will require monthly payments. What is the monthly loan payment. And … 
Maths
Firm has a $500,000 loan with 9% APR (compounded monthly) Loan is 5yr based on a 15yr amortization, meaning loan payments will be calculated as if you take 15 years to pay off the loan, but actually must do so in 5 yr. To do this, … 
Finance  Loans problem please help
A company borrows $170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company … 
Please Help me with a Finance  Loan problem
A company borrows $170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company … 
Math
The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54. Loan Balance: $30,000.00 Loan Interest Rate: 7.00% Monthly Loan Payment: $348.33 Number of Payments: 120 Cumulative Payments: $41,798.81 … 
Math
Suppose you borrowed $25,000 for a car at an APR of 8%, which you are paying off with monthly payments of $510 for 5 years. a) Whatâ€™s the loan principal?