i P Kristina has a mortgage of $587,000 through her bank for property purchased. The loan is repaid by end of month paym
Posted: Fri Jul 01, 2022 7:52 am
i P Kristina has a mortgage of $587,000 through her bank for property purchased. The loan is repaid by end of month payments of $5,058.70 with an interest rate of 6.33% compounded monthly over 15 years. What is the interest paid in the 11th year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places. P1 = P2 Interest paid in 11th year 11.4 = (enter a positive value)