When adding 35.64 to a certain number, the sum is 38.24, as seen below. What number should go in the box to complete the additio
n problem?
1 answer:
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Answer:
The principle applied for second month payment is $1,339.13
B is correct
Step-by-step explanation:
Mortgage value = $231,450
APR = 4.65%
Monthly Payment = $2,236
First month interest of $231,450 of APR 4.65%
Interest
Interest of first month = $896.87
Monthly payment = $2,236
Second month's payment is applied toward the second month's principal
= Monthly Payment - First month Interest
= 2236 - 896.87
= 1339.13
Hence, The principle applied for second month payment is $1,339.13