PLEASE HELP!!! NEED HELP WITH MY CONSUMER MATH, I JUST NEED TOLD HOW TO DO THE MATH.
EX: 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 motrgage is 4.65%. What must their realized income be before each month and how much interest is accrued at the end of the second month?

Question

PLEASE HELP!!! NEED HELP WITH MY CONSUMER MATH, I JUST NEED TOLD HOW TO DO THE MATH.
EX: 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 motrgage is 4.65%. What must their realized income be before each month and how much interest is accrued at the end of the second month?

kittiwitti1 · Answer

Ouch my brain. That's a lot of percentages > <

anonymous · Answer

all you need to do to turn the %to a decimal is divide it by 100

kittiwitti1 · Answer

I forgot what down payment means but other than that I think it means$$187,500+0.20(187,500)+1575...$$Something like that?

anonymous · Answer

you minus the D.P.

anonymous · Answer

I just need help with the entire math part....

kittiwitti1 · Answer

Well. I'm not quite sure with story math, sometimes I misinterpret... ^^;

umerlodhi · Answer

@rebeccaxhawaii

anonymous · Answer

I just need help with the entire math part....

kittiwitti1 · Answer

Well, they are busy on another question lol. But I will let rebecca know that she's been summoned haha

kittiwitti1 · Answer

@ccvv140 Are you there?

anonymous · Answer

@kittiwitti1  yeah sorry. Thank You!! I appreciate
 that!

kittiwitti1 · Answer

Ouch. Do you still need help?
@rebeccaxhawaii

rebeccaxhawaii · Answer

i never needed help?

anonymous · Answer

yes guys i need help

kittiwitti1 · Answer

@rebeccaxhawaii I meant for you to help him. Lol.

kittiwitti1 · Answer

But he keeps going offline so nevermind >_>

anonymous · Answer

ummm haha *her. and sorry. ill stay online