Question: Peter is buying a house and will borrow $ 9 0 0 , 0 0 0 . The amortized loan has annual payments for 2

Peter is buying a house and will borrow $900,000. The amortized loan has annual payments for 21 years at a 4.6% annual interest rate. How much of the first payment goes toward the interest owed for the first year of the loan (to the nearest cent)?

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