How much dollar interest will you pay

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Question: You have contracted to buy a house for $521,250, paying $104,250 as a down payment. You will get a fully amortizing mortgage for the balance at a 3.60% annual interest rate for 30 years. How much dollar interest will you pay in the first month's mortgage payment? (Round to the nearest whole dollar and enter without a dollar sign, e.g., enter $2000 as 2000).

Reference no: EM133379641

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