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Matt has a mortgage of $415,000 through his bank for property purchased. The loan is repaid by end of month payments of $2,938.31 with an

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Matt has a mortgage of $415,000 through his bank for property purchased. The loan is repaid by end of month payments of $2,938.31 with an interest rate of 3.36% compounded monthly over 15 years. What is the interest paid in the 3rd year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places. P1 = P2 = Interest paid in 3rd year = $ (enter a positive value)

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