21. 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 4.6%. What must thei realized income be before each month and how much interest is accrued at the end of the second month?(6 points)
Be sure to include the following in your response:
1.the answer to the original question
2.the mathematical steps for solving the problem demonstrating mathematical reasoning

Question

21. 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 4.6%. What must thei realized income be before each month and how much interest is accrued at the end of the second month?(6 points)
Be sure to include the following in your response:
1.the answer to the original question
2.the mathematical steps for solving the problem demonstrating mathematical reasoning