Answer:
General accounting essentially refers to general ledger collection and accounting activities that include account charges in credits and debits and documenting financial statements for a quarter, calendar or fiscal year.
Is it supposed to be equal to something, maybe "0"? You wouldn't be able to solve this without that.
$45,600
12 (200 + 75s)
12 ((200 + 75 (48))
12 ( 200 + 3600)
12 (3800)
45600
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
