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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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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

User Pradeep Sanjaya
by
8.3k points

2 Answers

3 votes

Answer:

$960.00

Explanation:

User Arun Yokesh
by
8.5k points
5 votes

Answer:

C $960.00

Explanation:

User Srowley
by
7.8k points
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