Chuck purchased a home in Texas for $240,000.00. He made a down payment of 20 percent and obtained a mortgage for 25 years at 6 percent. What amount of his first payment of $1,236.48 applied to interest?

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asked Sep 1, 2021 102k views

4 votes

Chuck purchased a home in Texas for $240,000.00. He made a down payment of 20 percent

and obtained a mortgage for 25 years at 6 percent. What amount of his first payment of
$1,236.48 applied to interest?
O$136.90
O$1,236.48
O$960.00
O $276.48

Mathematics
high-school

Pradeep Sanjaya asked

by Pradeep Sanjaya

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2 Answers

3 votes

Answer:

$960.00

Explanation:

Arun Yokesh answered Sep 3, 2021

by Arun Yokesh

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5 votes

Answer:

C $960.00

Explanation:

Srowley answered Sep 6, 2021

by Srowley

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