What do you know about the principal and interest portions


Assume a home mortgage monthly payment is $1,560 and the balance on the 30-year loan is currently $191,800. Knowing that the mortgage is financed with 4.45% APR, what do you know about the principal and interest portions of this upcoming month's payment?

a) Interest = $740.43 and Principal = $819.57

b) Interest = $711.26 and Principal = $848.74

c) Interest = $751.04 and Principal = $808.96

d) Not knowing what month is being discussed, you cannot calculate this.

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Mathematics: What do you know about the principal and interest portions
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