Question: In the first month's payment, how much principal will be repaid on a $250,000 15-year fixed rate mortgage with a 4.5% APR (compounded and paid

In the first month's payment, how much principal will be repaid on a $250,000 15-year fixed rate mortgage with a 4.5% APR (compounded and paid monthly)?

(Round to the nearest cent and do not enter the dollar sign)

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