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:
Step-by-step explanation:
28*5 115 sub 115 from 800 then divide 685 by 5 then add 7 into that number 28 times
16x+60y
16(.75)+60(.25)
12+15=27
maria would charge $27 for this necklace
