Question: Question Consider the first payment against a $ 2 0 0 , 0 0 0 mortgage that last for 2 5 years. Fixed repayments are

Question
Consider the first payment against a $200,000 mortgage that last for 25 years. Fixed repayments are made on a monthly
basis. The first row of the amortization schedule is shown below.
Calculate b1, the balance on the loan after the first month, given a rate of 4.3%.
Round your answer to the nearest dollar.
Do NOT round until you calculate the final answer.
Provide your answer below:
Question Consider the first payment against a $200,000 mortgage that last

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