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.
Answer:
Step-by-step explanation:
<u><em>The question in English is:</em></u>
From the general term, calculate the first 4 terms.
(Consider that you must assign values to the variable n)
we have
step 1
Calculate the first term
For n=1
step 2
Calculate the second term
For n=2
step 3
Calculate the third term
For n=3
step 4
Calculate the fourth term
For n=4
therefore
the first 4 terms are
Answer:
46
Step-by-step explanation:
180 minus 105 minus 29
wow the answer is not listed on option
