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OpenStudy (anonymous):
HELP PLEASE!!! Note: 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: $39,644.95 Total Interest Paid: $14,644.95 What dollar amount of each monthly payment is interest? What percent of the total payments is total interest?
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