Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Answer:
5:10
Step-by-step explanation:
$5-money he saves
$10-money he can spend
Answer:
Each shelf holds 30 inches of filling.
Step-by-step explanation:
Divide 180 inches of filling by the six shelves and you get 30 inches of filling per shelf
You are welcome
Answer:
B = (-5, 4)
B' = (-5+3, 4-2) = (-2, 2)
Answer:
The first deal:10 tacos for $7
Step-by-step explanation:
5 times 3.20 = 16$ and 10 tacos=$7
