Question: Use an amortization table to solve the problem. Round to the nearest cent. The monthly payments on a $ 8 5 , 0 0 0

Use an amortization table to solve the problem. Round to the nearest cent.
The monthly payments on a $85,000 loan at 12% annual interest are $895.05. How much of the first monthly payment will go toward the principal?
A. $45.05
B. $787.64
C. $850.00
D. $107.41
 Use an amortization table to solve the problem. Round to the

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