Solve the problem using the table.Monthly Principal and Interest Payment per $1000 of Mortgage
Eugene Merzbacher obtains a 25-year, $85,250 mortgage at 7.5% on a house selling for $105,000. His monthly payment, including principal and interest, is $629.99. How much of the first payment on the mortgage is applied to the principal?
A. $34.18
B. $160.18
C. $97.18
D. $629.99
Answer: C
Mathematics
You might also like to view...
Solve the problem.The finance charge on a loan taken out by Ximena is $505. If there were 18 equal monthly installments needed to repay the loan, and the loan is paid in full with 12 months remaining, find the total finance charge paid. (Round answer to the nearest cent.)
A. $505.00 B. $230.35 C. $274.65 D. $62.02
Mathematics
Find the limit of the function by using direct substitution.
(x2 - 5)
A. 5 B. Does not exist C. -5 D. 0
Mathematics
Convert 36 inches to feet. ?
A. 9 B. 3 C. 1.5 D. 4.5 E. 216
Mathematics
Find the requested partial derivative.f(x, y) = 
; fy(2, -3)
A. 
B. - 
C. - 
D. - 
Mathematics