Current Attempt in Progress

$-$Marigold Company purchased a building on January $2$ by signing a long$-$term $$485000$ mortgage with monthly payments of $$5300.$ The mortgage carries an interest rate of $12$ percent. The amount owed on the mortgage after the first payment will be

$$480150.$

$$485000.$

$$484550.$

$$ $$479700.$

Attempts: $0$ of $1$ used