Mathematics, 26.08.2020 20:01, kevinglvz

Eugene Merzbacher obtains a 20-year, $85,250 mortgage at 11% on a house selling for $105,000. His monthly payment, including principal and interest, is $879.78. How much of the first payment on the mortgage is applied to the principal? Select one: a. $879.78 b. $98.32 c. $186.30 d. $10.34

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Eugene Merzbacher obtains a 20-year, $85,250 mortgage at 11% on a house selling for $105,000. His mo...