Answer:
836m
Step-by-step explanation:
Answer:
A is the answer
Step-by-step explanation:
Sale price = 187500
20% down = 0.2 * 187500 = 37500
Loan amount = 187500-37500 = 150000
Interest = 4.65%/12 per month
Monthly payment = $1575
At the end of the first month, outstanding amount
= loan * interest rate - monthly payment
= 149006.25
Interest accrued during the first month
=150000*0.0465/12
= 581.25
Interest accrued during the second month
= outstanding amount at the end of the first month * (0.0465/12)
= 577.40
Total interest accrued during the first two months
= 581.25+577.40
= 1158.65 (to the nearest cent)
I am not so sure because i have not studied this yet i am very sorry
