Marlene took out a 25-year loan for $140,000 at 10.8% interest, compounded
monthly. If her mon...
Mathematics, 18.02.2020 17:55 Lugo7006
Marlene took out a 25-year loan for $140,000 at 10.8% interest, compounded
monthly. If her monthly payment on the loan is $1351.96, how much of her
first payment went toward note reduction?
O A. $1260.00
O B. $1351.96
O c. $146.01
O D. 591.96
Answers: 3
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Scott harris can invest $7,000 in a 1-year cd that earns interest at an annual rate of 4 percent compounded monthly. the amount per $1.00 is 1.040742. he can also invest $7,000 in a 1-year cd at annual rate of 4 percent compounded quarterly. the amount per $1.00 is 1.040604. what is the difference in the amount of interest earned for each investment? a) $0.96 b) $0.81 c) $0.87 d) $0.88
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