Multiple Choice
A $300,000.00 thirty year mortgage has a monthly payment of $1,798.65. Assuming a mortgage rate of 6% APR, how much interest is due on the first mortgage payment?
A) $1,800.00
B) $1,500.00
C) $1,700.00
D) $1,562.50
Correct Answer:
Verified
Correct Answer:
Verified
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