subject
Mathematics, 25.03.2020 00:16 bm42400

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.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 23:30
I’m really confused and need to learn this
Answers: 1
question
Mathematics, 21.06.2019 23:30
Which rule describes the composition of transformations that maps △abc to △a”b”c
Answers: 2
question
Mathematics, 22.06.2019 01:30
What is 60.9643790503 to 5 decimal
Answers: 1
question
Mathematics, 22.06.2019 02:30
An engineer is going to redesign an ejection seat for an airplane. the seat was designed for pilots weighing between 120 lb and 161 lb. the new population of pilots has normally distributed weights with a mean of 125 lb and a standard deviation of 28.1 lb. a)if a pilot is randomly selected, find the probability that his weight is between 120 lb and 161 lb.the probability is approximately? b. if 36 different pilots are randomly selected, find the probability that their mean weight is between 120 lb and 161 lb. the probability is approximately? c. when redesigning the ejection seat, which probability is more relevant? . part (b) because the seat performance for a single pilot is more important. b. part (b) because the seat performance for a sample of pilots is more important. c. part (a) because the seat performance for a sample of pilots is more important. d. part (a) because the seat performance for a single pilot is more important.
Answers: 3
You know the right answer?
Gabe and Eugenia bought a house! Their loan is for $117,000, for 15 years at an annual interest rate...
Questions
question
Mathematics, 06.03.2020 09:05
question
Chemistry, 06.03.2020 09:06
Questions on the website: 13722367