Answer:
588200
Step-by-step explanation:
3% of 826,000 is 24780, 24780 x 10 years is 247800
826,000-247800= 588200
Answer:
39.66
Step-by-step explanation:
If the divisor is not a whole number, move decimal point to right to make it a whole number and move decimal point in dividend the same number of places.
Divide like you usually do
Put decimal point directly above decimal point in the dividend.
Check your answer.
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
