Nevaeh took out a 20-year loan for $155,000 at 3.6% interest, compounded monthly. if her monthly payment on the loan is $906.93, how much of her first payment went toward note reduction? a. $441.93 b. $465.00 c. $906.93 d. $326.49

A.$441.93

Step-by-step explanation:

Given that Nevaeh took out a 20-year loan for $155,000 at 3.6% interest, compounded monthly and  her monthly payment on the loan is $906.93

Let us calculate EMI schedule for 155000 for 20 years

Out of EMI 906.93, 441.93 will be for note reduction.

There are four options given as

A.$441.93

B.$465.00

C.$906.93

D.$326.49

Correct answer is option A) 441.93$

hi,

you half the rectangle that you ae asking about so then you would see the scale factor of 1/2 the one u have selected, the one on top is half.

hope this !