If anyone could with with the rest of the test i would appreciate it! your parents are buying a house for $187,500. they have a good credit rating, are making a 20% down payment, and expect to pay $1,575/month. the interest rate for the mortgage is 4.65%. how much interest is accrued at the end of the second month?

$511.16

$561.25

$545.03

$577.40

$577.40

Step-by-step explanation:

187500 x .2 = 37500 downpayment

187500-37500 = 150000 financed

150000 x .0465/12 = 581.25 1st month interest

150000 + 581.25 = 150581.25

150581.25 - 1575(payment) = 149006.25

149006.25 x .0465/12 = $577.40 2nd month interest

need more info

step-by-step explanation:

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