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Amiraneli [1.4K]
3 years ago
15

A buyer with a $242,000 loan has a monthly principal and interest payment of $1,317.66. If $1,033.54 is interest, what’s the new

principal balance after the first payment is applied?
Business
1 answer:
Sladkaya [172]3 years ago
4 0

Answer:

$‭241,715.88‬

Explanation:

Loan amount = $242,000

1st Installment = $1,317.66

1st installment is divided into principal repayment + interest

= 1st installment = principal repayment + interest

= 1,317.66 = P.repaid + 1,033.54

Principal repaid = 1,317.66 - 1,033.54 = ‭284.12‬.

Therefore, outstanding principal = loan amount - P.repaid

= 242,000 - 284.12

= $241,715.88

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A static budget is one that shows estimated revenues and costs at multiple activity levels.

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Asset center

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Assume that GDP per capita for two countries is displayed in plot with a ratio scale on the y-axis and a linear time scale (in y
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The correct answer that fills the gaps are: constant ; increasing.

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The use of per capita income as an indicator of wealth or economic stability of a territory makes sense because through its calculation national income is interrelated (through GDP in a specific period) and the inhabitants of this place.

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<h3>Required:</h3>

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As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corpor
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As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corporation, his liability would be limited to the amount of his investment.

<h3>What shareholder means?</h3>
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<h3>What is shareholder and example?</h3>
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Hello!

I believe the correct answer is: Demand curve.

I hope that was helpful! c:
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