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
<span>80% = 80/100 = 8/10 = 4/5</span>
<h2>ADC is another way to name it.</h2><h2 /><h3><em>Please let me know if I am wrong.</em></h3>
The answer is 648.
You have to multiply 36 by 18 to get 648
36×18 = 648
Hope that Helps :]
