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You purchase a house in East Lansing, MI . You calculate the amount financed to be $ 2 0 3 , 3 1 5 .

You purchase a house in East Lansing, MI. You calculate the amount financed to be $203,315. You obtain a 15-year mortgage with an interest rate of 3.8% and have calculated a monthly payment of $1,062.
For the following, round your answer to the nearest cent.
The payment on the principle in the first month is
$450.41
$403.56
$418.17
$643.83
$489.31
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