Liv buys a new car. Her auto loan is $18,000 with an annual interest rate of 3.6% compounded monthly for 5 years. Her monthly payment is $328.26. The following table shows the first payment in the amortization schedule. Payment Number Loan Amount Payment Interest Principal Remaining Balance 1 $18,000.00 $328.26 ? How much of Liv's first payment is distributed to interest and to principal? Select the correct value for each. principal interest :: $54.00 :: $328.26 :: $274.26 :: $11.81 :: $316.45

Liv buys a new car. Her auto loan is $18,000 with an annual interest rate of 3.6% compounded monthly for 5 years. Her monthly payment is $328.26. The following table shows the first payment in the amortization schedule. Payment Number Loan Amount Payment Interest Principal Remaining Balance 1 $18,000.00 $328.26 ? How much of Liv's first payment is distributed to interest and to principal? Select the correct value for each. principal interest :: $54.00 :: $328.26 :: $274.26 :: $11.81 :: $316.45

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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