Question: How much principal is repaid in the first payment interval on a $200,000 25-year mortgage? The mortgage is amortized over 25 years and the payments

How much principal is repaid in the first payment interval on a $200,000 25-year mortgage? The mortgage is amortized over 25 years and the payments are monthly. The interest rate is 1.99% compounded semi-annually.

Select one:

a. $339.81

b. $327.16

c. $330.30

d. $293.86

e. $145.94

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