Julie and barry spinos purchased a house for $96,400. they made a 25 percent down payment and financed the remaining amount at 5.50 percent for 30 years. their monthly payment is $410.66. how much of the first monthly payment is used to reduce the principal?

the answer is 0.071

good luck! : d

solution:

→c= a b , that is product of a and b is possible only when when a is m × n matrix and b is n × p matrix.

that is, number of columns of a= number of rows of b.

so, size of matrix , c= a b is , if a = (m × n)matrix

b= (n × p)matrix

then a b = [ (m × n)matrix] ×[   (n × p)matrix ]

→→c= a b= [m × p ] matrix

→→size of product a b will be equal to = number of rows of a × number of columns of b

depends on how many days you are talking about

step-by-step explanation:

about 0.75 hours

step-by-step explanation: