Jamal has been approved for $125,000 loan, 30-year mortgage with an apr of 5.3%. he made a 10% down payment and is closing on april 5th. how much should he expect to pay in prepaid interest at closing?

The total amount paid by Jamal will be $408.38

Step-by-step explanation:

Jamal has been approved for $125,000 loan.

Time or t = 30-year

r = 5.3% or 0.053

He made a 10% down payment, means 90% was loan.

This amount multiplied by rate.

=>

For per day value, divide this by 365.

= $16.335

Given is the deal is closing on April 5th. April has 30 days, so, there are 25 days left.

So, the final amount becomes = ≈ $408.38

total of apples - take away four

6-4 = 2

answer is 2 apples