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The monthly mortgage payment on your house is $821.69. It is a 30 year mortgage at 6.5% compounded monthly. How much interest do you pay

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The monthly mortgage payment on your house is $821.69. It is a 30 year mortgage at 6.5% compounded monthly. How much interest do you pay the second year? (Recall P1 = 1, and P2 = 12 for the first year, P1 = 13, etc for the second year ...) 0 $8,310 O $1,550 0 $9,007 0 $1,675 O $8,206

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