Solve the problem using the amortization table when necessary.AMORTIZATION (PRINCIPAL AND INTEREST PER THOUSAND DOLLARS)
The monthly payments on a $75,000 loan at 8% interest for 30 years is $550.50. How much of the first monthly payment will go toward the principal?
A. $50.50
B. $44.04
C. $509.21
D. $500.00
Answer: A
Mathematics
You might also like to view...
Find y: e2y = 101
a. 1.01 b. 1.31 c. 2.00 d. 2.31 e. 3.03
Mathematics
Simplify.
A.
B. -7b
C.
D. -
Mathematics
Determine the quadratic function whose graph is given.
A. f(x) = x2 - 4x B. f(x) = -x2 + 4x C. f(x) = -x2 - 4x D. f(x) = x2 + 4x
Mathematics
Determine the coefficient and degree of the monomial.-1.6x4y6z7
A. coefficient: -1.6, degree: 17 B. coefficient: -1.6, degree: 4 C. coefficient: 17, degree: -1.6 D. coefficient: -16, degree: 10
Mathematics