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On June 1, you borrowed $495,000 to buy a house. The mortgage rate is 3.50 percent. The loan is to be repaid in equal monthly
On June 1, you borrowed $495,000 to buy a house. The mortgage rate is 3.50 percent. The loan is to be repaid in equal monthly payments over 15 years. All taxes and insurance premiums are to be paid separately. The first payment is due on July 1. How much of the 17th payment goes toward interest?
Group of answer choices:
$2,219
$1,467 $
1,344
$1,481
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