Answer:
Principal after next payment: 84,774.52
Explanation:
the principal after the payment will be the current principal less the payment amortization.
TO know the amortization we must know the interest, taxes and insurance contained within the next payment:
Insurance and taxes: 1,915.7 per year
we divide by 12 to know the monthly fees = 159.64
then, for the interest we do:
principal x rate x time
being time 1 month over 12 of the year:
84,902.13 x 0.0775 x 1/12 = 548.3262 = 548.33
The quota is for 835.58 we subtract interest, insurance and taxes:
835.58 - 159.64 - 548.33 = 127.61
Then, we subtract from the principal this amortization:
84,902.13 - 127.61 = 84,774.52
