Solution-First monthly payment will go toward the principal

First monthly payment will go toward the principal

Reference no: EM131097832

Solve the problem. Round to the nearest cent as needed. The monthly payments on a $80,000 loan at 10% annual interest are $859.68. How much of the first monthly payment will go toward the principal?

Reference no: EM131097832

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First monthly payment will go toward the principal : Solve the problem. Round to the nearest cent as needed. The monthly payments on a $80,000 loan at 10% annual interest are $859.68. How much of the first monthly payment will go toward the principal?

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First monthly payment will go toward the principal

Reference no: EM131097832

Reference no: EM131097832

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