Please Help..................................
2 answers:
You might be interested in
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