Mathematics, 08.06.2021 23:20 alexisgilford

A borrower obtains a 30-year $210,000 amortized loan at a 6% interest rate. If his monthly payment is $1199.10, how much is applied to the principal balance in
the first month?
$143.54
$144.94
$169
$147

Answers: 2

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A borrower obtains a 30-year $210,000 amortized loan at a 6% interest rate. If his monthly payment is $1199.10, how much is applied to the principal balance in the first month? $143.54 $144.94 $169 $147

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Other questions on the subject: Mathematics

Questions in other subjects:

A borrower obtains a 30-year $210,000 amortized loan at a 6% interest rate. If his monthly payment is $1199.10, how much is applied to the principal balance in
the first month?
$143.54
$144.94
$169
$147