Answer:
$842.74
Explanation:
Data provided in the question:
Loan amount = $927.86
Interest for the first month = $871.86
Now,
Daily interest rate for 30 days = [tex]\frac{\textup{Interest for a month}}{\textup{Total number of days in a month}}[/tex]
or
= [tex]\frac{\$871.86}{30}[/tex]
= $29.06
Now,
Doug owns the closing day,
Therefore,
Maria will pre-pay interest for 29 days i.e June 2 - 30,
= Daily interest × Number of days
= $29.06 × 29
= $842.74
