Mathematics
Mathematics, 03.12.2021 06:10, shonnap1

Gabe and Eugenia bought a house! Their loan is for $117,000, for 15 years at an annual interest rate of 4%. This results in a monthly payment of $865.43. If only the minimum payment is made in month one, how much of the first payment goes toward reducing her balance?

First, let's find the amount of interest she paid in month 1.

Then, find the amount toward reducing the balance.

Round to the nearest cent.

answer
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 15:30, RyannLambertt9722
What is the missing reason in step 5? linear pair postulategivendefinition of complementary anglescongruent complements theorem
Answers: 1
image
Mathematics, 21.06.2019 17:30, jruiz33106
1mile equals approximately 1.6 kilometers. which best approximates the number of miles in 6 kilometers?
Answers: 1
image
Mathematics, 21.06.2019 18:30, llolo8
Abouncy ball is released from a certain height. on the first bounce, it travels 32cm. with each subsequent bounce, it travels 9/10 the distance of the previous bounce. what is the total distance that the ball has traveled when it completes its 25th bounce?
Answers: 1
image
Mathematics, 21.06.2019 19:30, monnicawilliam
In the geometric progression –3, 12, −48… what term is 3,072?
Answers: 2
Do you know the correct answer?
Gabe and Eugenia bought a house! Their loan is for $117,000, for 15 years at an annual interest rate...

Questions in other subjects: