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.
5 because increased by means to add 2+3
and quotient means the answer to a division problem 10/2 so ur answer is 5
Answer:
Option C 20
GOOD LUCK FOR THE FUTURE! :)
Answer:
122+42x= 2( 61+21x)
4x+16x+24 = 4(5x+6)
24x+48-3x = 21x+48
3x+39-2x = x+29
Step-by-step explanation:
Answer:
Step-by-step explanation:
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