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andrey2020 [161]
3 years ago
14

Can someone help I’ll give points

Mathematics
1 answer:
Vanyuwa [196]3 years ago
7 0
The answer is A



2 is the y spot, then rise over run
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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
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Answer:

Principal element is $475.43

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Step-by-step explanation:

The amount of interest paid in month one is 4%*$117,000*1/12=$390

The interest is calculated based on the annual interest rate of 4% apportioned to reflect one month interest by multiplying by 1/12

The principal element of monthly payment is the monthly payment minus interest.

principal paid in month one=$865.43-$390=$475.43

Ultimately,$475.43 goes toward reducing her loan balance while the $390 is interest on loan

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