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
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Answer:
i do not know i think it is B
Step-by-step explanation:
A school is in session for 6 hours each day. Each class is allotted 3/4 hour, including passing time. How many classes can be fit into the school day?
<span>6 / (3/4) = </span>
<span>6 * (4/3) = 24/3 = 8 classes</span>