Your parents are purchasing a mobile home for $89,000. the sales tax is 4.2%, they make a $3,000 down payment, and they have an average credit score. how much is the principal balance after applying their first month’s payment of $925.67?

secured unsecured
credit apr (%) apr (%)
excellent 4.75 5.50
good 5.00 5.90
average 5.85 6.75
fair 6.40 7.25
poor 7.50 8.40

$88,912.03

$88,245.05

$89,021.98

$89,249.80