A buyer borrowed $85,000 to be repaid in monthly installments of $823.76 at 11.5% annual interest. How much of the buyer's first-month payment was applied to reducing the principal amount of the loan?

$9.18

Step-by-step explanation:

The payment of $823.76 will go towards both interest and principal repayments.

Find out the interest paid from the amount and deduct it from the monthly payment to find the principal repayment.

Monthly interest payment:

= (85,000 * 11.5%) / 12 months

= $814.58

Principal repayment = 823.76 - 814.58

= $9.18

when studying polynomials, you often hear the terms zeros, roots, factors and x x the multiplicity of a zero is important because it tells us how the graph of the let's look at the graph of a function that has the same zeros

step-by-step explanation:

answ9x x 3=

step-by-step explanation: