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:
-81
Step-by-step explanation:
replace the numbers you were given in a or b.
so
6(-12) -1(-1 – 2 – 6(2)) + 4(-1)(2(2) -1) -12
First you compare the denomonators and see if they have any common multiples, then what you do to one side you do to the other so you multiply so you get the same number on both denomonators.finally you multipybthe same number you did ti he botto. to the top.p.s. your welcome
Answer:
2.19
Step-by-step explanation: