Mathematics, 24.02.2020 22:36 giovney

Jerome took out a 25-year loan for $180,000 at 3.6% interest, compounded
monthly. If his monthly payment on the loan is $910.80, how much of his first
payment went toward note reduction?
O
A. $32.79
O
O
O
B. $540.00
c. $910.80
D. $370.80

Answers: 2

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Jerome took out a 25-year loan for $180,000 at 3.6% interest, compounded
monthly. If his month...