Question

Marlene took out a 25-year loan for $140,000 at 10.8% interest, compounded
monthly. If her monthly payment on the loan is $1351.96, how much of her
first payment went toward note reduction?
O A. $1260.00
O B. $1351.96
O c. $146.01
O D. 591.96

Answer 1

Answer: $91. 96

Step-by-step explanation:

See image below

Answer 2

Answer:

$91.96

Step-by-step explanation:

A.P.EX.