You have just bought a house and have taken out a mortgage (an installment) loan for $500,000. This is a 30-year loan that requires monthly payments and the first payment is due one month from today. The APR for the loan is 24%. You are interested to know how much of your 220^th monthly payment will go toward the repayment of principal? That amount is _______________

	$762.65
	$9,586.98
	$625.64
	$9,494.78
	$513.24
	$9,382.38
	$421.04
	$9,245.37