Blake took out a 20-year loan for $195,000 at 2.4% interest, compounded
monthly. if his monthly payment on the loan is $1023.84, how much of his
first payment went toward note reduction?
o a. $1023.84
o b. $390.00
c. $633.84
o d. $245.72

 C. $633.84

Step-by-step explanation:

The formula to solve this problem is shown below

monthly payment on the loan is $1023.84

i = 2.4% interest

= loan * interest period - monthly payment on the loan

= $195,000 *(2.4/100 /120) - $1023.84 = $195,000*(0.024/12) - $1023.84

= $633.84

answer

the correct answer is

explanation

the given function is

the excluded values are obtained by solving:

we factor to obtain:

the excluded values are

75

step-by-step explanation:

you do x-29=46 (the number of cantaloupes sold)

in order to find x, you have to find what minus 29 equals 46, meaning you'd have to add 29 to 46.

29+46=75

if you replace x with 75, the equation looks like:

75-29=46

x=75