What Is the Principal Portion of the 222 Payments of a Fully

question 6

Multiple Choice

What is the principal portion of the 222 payments of a fully amortizing $250,000,30-year fixed rate loan with an interest rate of 4.825%?

• A)$562.38
• B)$565.29
• C)$753.07
• D)$1,315.44

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