Answer:
Principal element is $475.43
Interest payment is $390
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
Answer:
-27+84n
Step-by-step explanation:
-36 + 47ji + 15j^2
Best luck with your studying
Answer:
y = -x + 7
General Formulas and Concepts:
<u>Pre-Algebra</u>
Equality Properties
- Multiplication Property of Equality
- Division Property of Equality
- Addition Property of Equality
- Subtract Property of Equality
<u>Algebra I</u>
Slope-Intercept Form: y = mx + b
- m - slope
- b - y-intercept
Step-by-step explanation:
<u>Step 1: Define</u>
[Standard Form] 5x + 5y = 35
<u>Step 2: Rewrite</u>
<em>Find slope-intercept form.</em>
- Subtract 5x on both sides: 5y = -5x + 35
- Divide 5 on both sides: y = -x + 7
0ne and one fifth or 1 and 1/5
