Based on the information below, choose the correct answers. note: the monthly loan payment was calculated at 119 payments of $242.66 plus a final payment of $241.78.
loan balance: $20,000.00
loan interest rate: 8.00%
monthly loan payment: $242.66
number of payments: 120
cumulative payments: $29,118.32
total interest paid: $9,118.32
on average, what dollar amount of each monthly payment is interest? $
what percent of the total payments is total interest? % next question ask for

Since there are 120 payments in total

 Then the total interest paid is $ 9,118.32

The monthly interest = $ 9,118.32 / 120

The monthly interest = $ 75.99 per month

% total interest = ( $ 9,118.32/ 29,118.32) x 100

% total interest = 31.31 %

why do wages differ across industries

step-by-step explanation :

micro economists are concerned with economics on an industry or individual firm basis.

macro economists are concerned with national and international level

step-by-step explanation:

where is the questions