years at an annual interest rate of 5.8% compounded monthly. Ruby's amortization schedule for her first 10 payments is found in the table. Payment Number Loan Amount Payment Interest Principal Remaining Balance 1 $3,400.00 $103.13 $17.85 $85.28 $3,314.72 2 $3,314.72 $103.13 $17.40 $85.73 $3,228.99 3 $3,228.99 $103.13 $16.95 $86.18 $3,142.81 4 $3,142.81 $103.13 $16.50 $86.63 $3,056.18 $3,056.18 $103.13 $16.04 $87.09 $2,969.09 6. $2,969.09 $103.13 $15.59 $87.54 $2,881.55 7 $2,881.55 $103.13 $15.13 $88.00 $2,793.55 $2,793.55 $103.13 $14.67 $88.46 $2,705.09 9. $2,705.09 $103.13 $14.20 $88.93 $2,616.16 10 $2,616.16 $103.13 $13.73 $89.40 $2,526.76 For payment 10, what percentage of the payment goes toward paying the principal? 13.3% 86.7% 82.7% 74.3%

years at an annual interest rate of 5.8% compounded monthly. Ruby's amortization schedule for her first 10 payments is found in the table. Payment Number Loan Amount Payment Interest Principal Remaining Balance 1 $3,400.00 $103.13 $17.85 $85.28 $3,314.72 2 $3,314.72 $103.13 $17.40 $85.73 $3,228.99 3 $3,228.99 $103.13 $16.95 $86.18 $3,142.81 4 $3,142.81 $103.13 $16.50 $86.63 $3,056.18 $3,056.18 $103.13 $16.04 $87.09 $2,969.09 6. $2,969.09 $103.13 $15.59 $87.54 $2,881.55 7 $2,881.55 $103.13 $15.13 $88.00 $2,793.55 $2,793.55 $103.13 $14.67 $88.46 $2,705.09 9. $2,705.09 $103.13 $14.20 $88.93 $2,616.16 10 $2,616.16 $103.13 $13.73 $89.40 $2,526.76 For payment 10, what percentage of the payment goes toward paying the principal? 13.3% 86.7% 82.7% 74.3%

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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