107. A level payment, fixed-rate, fully amortizing mortgage loan for $220,000 is obtained
with a term of 15 years, a mortgage rate of 6.0% with monthly compounding, and a
monthly payment of $1,856.49. Assuming that the borrower does not prepay or default,
the principal that is repaid during the first 3 months is closest to:
A. $660.
B. $2,281.
C. $3,667.
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