1.6084 * 10^3 simplifies to 1608.4
He would need to sell 28 because
12.50*28=350 and 350+50=400
The answer is A I believe
For the answer to the question above, n the 1st month, the accrued interest is ___ (1/12) * .0525 * 135400
subtract the interest from the payment to find the change in the principal for the 2nd month
find the 2nd month's interest and subtract from the payment to find the amount applied to principal. Then that's it!
