John (25) and Marry (27) is a newly married couple. They live in Lithuania. Marry works as a chemists assisstant at one private laboratory. Her neto monthly salary is 900 EUR. Her husband John was recently hired by FESTO as an engineer. His monthly neto income 1 800 EUR. Marry and John attended personal finance course recently and decided to create their emergency finance fund (rainy day fund). Up to now they have already saved 2000 EUR and just today deposited these money into a two-year terminated savings account with 6% interest rate compounded monthly. They will use these money for their emergency fund which they plan to create during two years time. Marry and John are also planning to buy a cottage. They saved for some time and accumulated 20 000 EUR which they plan to spend on cottage this year. This amount of money is not sufficient therefore they also plan to take a mortgage. The price of their dream house is 120 000 eur.

How much interest John and Marry would save in the first month of debt repayment, if they chose linear (equal repayment) method instead of annuity (amortization) method?