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?

Answer 1

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

Answer 2

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

Answer 3

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

Answer 4

you minus the D.P.

Answer 5

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

Answer 6

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

Answer 7

@rebeccaxhawaii

Answer 8

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

Answer 9

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

Answer 10

@ccvv140 Are you there?

Answer 11

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

Answer 12

Ouch. Do you still need help?
@rebeccaxhawaii

Answer 13

i never needed help?

Answer 14

yes guys i need help

Answer 15

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

Answer 16

But he keeps going offline so nevermind >_>

Answer 17

ummm haha *her. and sorry. ill stay online