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

User Theme
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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

User Yogendra
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