Nevaeh took out a 20-year loan for $155,000 at 3.6% interest, compounded monthly. If her monthly payment on the loan is $906.93, how much of her first payment went toward note reduction?
A. $441.93
B. $465.00
C. $906.93
D. $326.49
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Home » Mathematics » Nevaeh took out a 20-year loan for $155,000 at 3.6% interest, compounded monthly. If her monthly payment on the loan is $906.93, how much of her first payment went toward note reduction? A. $441.93 B. $465.00 C. $906.93 D. $326.49