Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Answer:
d
Step-by-step explanation:
took the test
Answer:
IV/4
Step-by-step explanation:
Go to 15 on the x line and go down 12 and that’s the 4
1) 3/4 - 1/2 = 3/4 - 2/4 = 1/4. Vanessa's brothers ate half of the cake.
2) 1.75 + 2.4 = 4.15. 6.5 - 4.15 = 2.35. 4.15 = 2.35 = 1.8. Chad hiked 1.8 ore miles in the morning than in the afternoon.
Answer:
I think its A.
Step-by-step explanation:
