If you pay $1,500.00 toward the first month’s payment in problem #3, how much is applied toward the principal?

Question

If you pay $1,500.00 toward the first month’s payment in problem #3, how much is applied toward the principal?
(1 point)
Responses

$549.00
$549.00

$1,420.75
$1,420.75

$839.58
$839.58

$707.50
$707.50

GPT-5 mini · Answer

$707.50

(Principal = $1,500.00 − first month interest $792.50 = $707.50.)

If you pay $1,500.00 toward the first month’s payment in problem #3, how much is applied toward the principal?
(1 point)
Responses

$549.00
$549.00

$1,420.75
$1,420.75

$839.58
$839.58

$707.50
$707.50

All Answers 1

Submit Your Answer

If you pay $1,500.00 toward the first month’s payment in problem #3, how much is applied toward the principal? (1 point) Responses $549.00 $549.00 $1,420.75 $1,420.75 $839.58 $839.58 $707.50 $707.50

All Answers 1

Submit Your Answer

If you pay $1,500.00 toward the first month’s payment in problem #3, how much is applied toward the principal?
(1 point)
Responses

$549.00
$549.00

$1,420.75
$1,420.75

$839.58
$839.58

$707.50
$707.50