The original mortgage loan was for $300,000 with a 5% APR for 30 years. You want to calculate the…


 The primary advance advance was for $300,000 after a while a 5% APR for 30 years. You shortness to estimate the profit on the decisive monthly acquittal at the end of the 15th year. What treasure should be referenced for the per argument in the IPMT part?

 (a) 15

 (b) 180

 (c) 30

 (d) 0.05/12