Find the amount applied to principle for the third month of a 4-year loan of $10 comma 900 which charges 3.4 percent compounded monthly with monthly payments.

  $211.18

Step-by-step explanation:

Monthly payments are computed using the amortization formula:

  A = P(r/12)/(1 -(1 +r/12)^(-12·t))

  = $10,900(.04/12)/(1 -(1 +.04/12)^(-12·4)) ≈ $246.11

First payment

The monthly interest rate is 1/3%, so the interest due is ...

  $10,900 × 1/300 = $36.33

The loan balance after the first payment is ...

  $10,900 +36.33 -246.11 = $10,690.22

Second payment

The interest due is ...

  $10,690.22 × 1/300 = $35.63

The new balance after the payment is ...

  $10,690.22 +35.63 -246.11 = $10,479.74

Third payment

The interest due is ...

  $10,479.74 × 1/300 = $34.93

The amount of the payment that will be applied to principal is the difference between the payment amount and the interest charge:

  amount to principal = $246.11 -34.93 = $211.18

answer: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.

step-by-step explanation: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.