Answered

Using the information below, choose the correct answers.


Amount: $200,000

Rate: 7%

Payments: 360 @ $774.50

Total Interest: $78,820.00

AHow much will be repaid for this loan? $
BWhat percentage of this total is total interest?
CWhat will be the average amount per payment for interest?

Verified Answer :

Hagrid

The right answer for the question that is being asked and shown above is that: "C. What will be the average amount per payment for interest?" Using the information below, the correct answer is C. What will be the average amount per payment for interest?