12x - 4x = 8 + 3 - 3
8x = 8
X = 1
Answer: Yes ,because it isn't the same the number since the number of digits aren't the same so you make it the same number of digits by putting 0 in the back so 1.7 turns to 1.700 to make it the same digits of 1.700.
Step-by-step explanation:
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