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help please Megan has a mortgage of $450,000 through her bank for property purchased. The loan is repaid by end of month payments of $4,362.42
help please
Megan has a mortgage of $450,000 through her bank for property purchased. The loan is repaid by end of month payments of $4,362.42 with an interest rate of 6.84% compounded monthly over 13 years. What is the interest paid in the 5th year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places. P1 == P2 == Interest paid in 5th year == $(enter a positive value)
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