Using the information below, choose the correct answers.
Amount: $125,000
Rate: 7.5 %
Payments: 360 @ $874.02
Total Interest: $189,647.20
1. How much will be repaid for this loan?
A. 189,646.53
B. 125,000.00
C. 314,647.20
2. What percentage of this total is total interest?
A. 60.3%
B. 64.2%
C. 55.6%
3. What will be the average amount per payment for interest?
A. 347.22
B. 526.80
C. 874.20
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