Chuck purchased a home in Texas for $240,000.00. He made a down payment of 20 percent
and obtained a mortgage for 25 years at 6 percent. What amount of his first payment of
$1,236.48 applied to interest?
O$136.90
O$1,236.48
O$960.00
O $276.48
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Home » Mathematics » Chuck purchased a home in Texas for $240,000.00. He made a down payment of 20 percent and obtained a mortgage for 25 years at 6 percent. What amount of his first payment of $1,236.48 applied to interest? O$136.90 O$1,236.48 O$960.00 O $276.48