Gabe and Eugenia bought a house! Their loan is for $117,000, for 15 years at an annual interest rate of 4%. This results in a monthly payment of $865.43. If only the minimum payment is made in month one, how much of the first payment goes toward reducing her balance? First, let's find the amount of interest she paid in month 1
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Gabe and Eugenia bought a house! Their loan is for $117,000, for 15 years at an annual interest rate of 4%. This results in a monthly ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Mathematics » Gabe and Eugenia bought a house! Their loan is for $117,000, for 15 years at an annual interest rate of 4%. This results in a monthly payment of $865.43.