I'll do the math for this, it may take me a few minutes so i will update this comment with an answer in just a minute. I always get anxious when nobody replies kind of quickly as i feel it is being forgotten. So just a heads up i'm working on a answer!
88/106 x 100
.830188679 x 100
83.02%
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!
Answer:
x=2
Step-by-step explanation:
