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? \$ 76.99 77.99 75.99 What percent of the total payments is total interest? % 31.3 32.4 31.9