A. The amount that I borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount would be:
- The amount borrowed $83,000
- the annual rate is 3%
- the number of payments per year would be 12
- the loan term would be for 20 years the payment amount is $ 460
B. How many total payments does the loan require? What is the total amount paid over the full term of the loan?
There are —? Payments towards the loan and the total amount paid is $—-?
C. Of the total amount paid, what percentage will be paid towards the principle and what percentage is paid for interest?
the percentage paid towards the principle is —% ?
and the percentage paid for interest is —% ?
please help me to ROUND question C to the NEAREST TENTH
I have two loans. The first loan is for $15,000 with an APR of 8% for 15 years and the second is for $ 10,000 with an APR of 9.5 % for 20 years.
Can you help me find the —% that would be paid as well as the —-% paid towards the interest of both loans?