Register

Say that you are purchasing a house for 235,000 and have an excellent credit score.(4.75%) If you pay $1,678.93 at the end of the first month,how much is applied to the principl…

Say that you are purchasing a house for 235,000 and have an excellent credit score.(4.75%) If you pay $1,678.93 at the end of the first month,how much is applied to the principl…
200k views
0 votes
say that you are purchasing a house for 235,000 and have an excellent credit score.(4.75%) If you pay $1,678.93 at the end of the first month,how much is applied to the principle balance?

User Omri Gazitt
by
7.7k points

1 Answer

7 votes
At 4.75% your monthly payment is $1,678.93 = $748.72 is applied to the principal balance of $235,000
User Aaron Davies
by
8.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!