Your parents purchase a mobile home for $84,505.00 and secure it to the ground. If they have an excellent credit rating and using the table, how much is the interest at the end of the first month?

Mortgage

Secured

Mortgage

Unsecured

Auto

Secured

Auto

Unsecured

Credit

APR (%)

APR (%)

APR (%)

APR (%)

Excellent

3.75

4.50

5.30

6.45

Good

4.30

4.85

5.95

7.10

Average

5.15

5.70

6.50

7.90

Fair

6.50

7.00

7.15

8.45

Poor

8.25

9.30

8.40

9.95

A. $264.08
B. $316.89
C. $373.23
D. $454.21