Lars has been approved for$420,000, 20-year mortgage with an apr of 5.125%.what is his monthly payment ? how much interest would he expect to pay on the loan in one month? how much of the monthly payment will go towards the principal?

Monthly Payment = $2,286.85

Interest on first month payment = $1,793.75

Principal value on first month payment =  $493.10

Step-by-step explanation:

lars has been approved for $420,000 for loan.

Time for loan = 20-years

APR (Annual Rate of interest ) = 5.125%

We need to find monthly payment. First month interest and First month principle.

Formula for loan:

Where,

p is monthly payment.

PV = Loan Amount (PV=$420,000)

R = Rate of interest (R=0.05125)

t = Loan period ( t=30)

n = Mode of payment (n=12)

Substitute the value into formula and solve for p

p=$2,286.85

Thus, Monthly Payment =$2,286.85

Interest for first month

Interest pay on the loan in on month = $1,793.75

Principle value on first month payment = 2286.85 - 1793.75 = $493.10

The monthly payment will go towards the principal is $493.10

lockers 1, 4, 9, 16, 25, 40, and 49 are open

i ran through it by the other answer is wrong

there are 70 more legs than eyes at the dog show (196 – 126 = 70). dogs have two more legs than eyes, and humans have the same number of legs as eyes. thus 70 is twice the number of dogs at the show, so the number of dogs is half of 70, which is 35. to get the number of humans, subtract 35 from 63: 63 – 35 = 28.

step-by-step explanation: