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?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Sep 11, 2019 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?

Mathematics
high-school

Omri Gazitt asked

by Omri Gazitt

6.8k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

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

Aaron Davies answered Sep 15, 2019

by Aaron Davies

7.1k points

0 Comments

Please log in or register to add a comment.

Ask a Question

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

7.7m questions

10.3m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions