Solve the Problem

question 7

Multiple Choice

Solve the problem. Round to the nearest cent as needed.
-The monthly payments on a $73,000 loan at 13% annual interest are $807.38. How much of the first monthly payment will go toward the principal?

• A) $790.83
• B) $104.96
• C) $702.42
• D) $16.55

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Definitions:

Basement Membrane

A thin, dense layer of extracellular matrix that separates epithelial or endothelial cells from underlying connective tissue, playing key roles in tissue regeneration, filtration, and cell signaling.

Epithelial Tissue

A type of body tissue that lines the cavities and surfaces of structures throughout the body, serving as a barrier and protective layer.

Connective Tissue

Bodily tissue whose function is to uphold, link, or demarcate distinct tissues and organs.

Less Elastic

Referring to materials or tissues that have a decreased ability to resume their normal shape after being stretched or compressed.