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
Correct Answer:
Verified
Correct Answer:
Verified
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