Solve the Problem

question 61

Multiple Choice

Solve the problem. Round to the nearest cent as needed.
-The monthly payments on a $79,000 loan at 14% annual interest are $982.76. How much of the first monthly payment will go toward interest?

• A) $921.67
• B) $845.17
• C) $137.59
• D) $1106.00

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Spell Out

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First Use

The initial occurrence or application of something, such as a term, invention, or procedure.

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Airline Limit

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