Nicols has a mortgage of $254,000 through his bank for property purchased. The loan is repaid by end of month payments of $1,669.08 with an interest rate of 3.62% compounded monthly over 17 years. What is the interest paid in the 6th year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places. Interest paid in 6th year?

Nicols has a mortgage of $254,000 through his bank for property purchased. The loan is repaid by end of month payments of $1,669.08 with an interest rate of 3.62% compounded monthly over 17 years. What is the interest paid in the 6th year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places. P1=P2= Interest paid in 6th year =$ (enter a positive value)