Mathematics, 12.12.2019 01:31 zabomoxx5ll

Blake took out a 20-year loan for $195,000 at 2.4% interest, compounded
monthly. if his monthly payment on the loan is $1023.84, how much of his
first payment went toward note reduction?
o a. $1023.84
o b. $390.00
c. $633.84
o d. $245.72

Answers: 3

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Blake took out a 20-year loan for $195,000 at 2.4% interest, compounded
monthly. if his monthl...