Using the information below, choose the correct answors amount 225,000 rate 7 percent payments 360@$1,496.93 total interest 313,894.80

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asked Jan 7, 2018 163k views

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Yogendra · Answer 1 · 2018-01-11T04:10:11+0000

1. Add the principal and the total interest.225,000 + 313,894.80 = 538,894.8 2. Divide the total interest by the total amount to be repaid for the loan313,894.80 / 538,894.8 = 0.582 or 58.2% 3. It's already given.Payments: 360 @ $1,496.93

Using the information below, choose the correct answors amount 225,000 rate 7 percent payments 360@$1,496.93 total interest 313,894.80

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