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Marlene took out a 25-year loan for $140,000 at 10.8% interest, compounded monthly. If her monthly payment on the loan is $1351.96, how much of her first payment went toward note reduction? O A. $1260.
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Feb 4, 2021
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Marlene took out a 25-year loan for $140,000 at 10.8% interest, compounded
monthly. If her monthly payment on the loan is $1351.96, how much of her
first payment went toward note reduction?
O A. $1260.00
O B. $1351.96
O c. $146.01
O D. 591.96
Mathematics
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Martin Solac
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Answer:
91.96
Explanation:
Eric Rowell
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Feb 5, 2021
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Eric Rowell
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Answer: $91. 96
Explanation:
See image below
Atharv Thakur
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Feb 11, 2021
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Atharv Thakur
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