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:
4
Step-by-step explanation:
-3-(-7) is the same as -3+7, which is also the same as 7-3, which is equal to 4
Answer:
7
Step-by-step explanation:
Obviously
Answer:
Step-by-step explanation:
23 hundredths = 0.23 = 2.3 * 10⁻¹
