Mary's parents decided to buy a new house for their retirement. They are looking at $200,000 lake house. Since their credit history is excellent, they can get approved for 3.6% annual interest on 30-year mortgage. In the amortization schedule, how much is the remaining principal balance after their first monthly mortgage payment?

Question 1 options:

$192,800.00

$197,822.44

$199,690.71

$199,090.71