Eli took out a 20-year loan for $135,000 at 4.8% interest, compounded
monthly. if his monthly...
Mathematics, 23.11.2019 22:31 knevis
Eli took out a 20-year loan for $135,000 at 4.8% interest, compounded
monthly. if his monthly payment on the loan is $876.09, how much of his first
payment went toward note reduction?
o a. $876.09
b. $336.09
o
c. $540.00
d. $420.48
Answers: 3
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