Kate and ashton have been approved for a $200,000 15-year mortgage with apr of 5.5%. How much is thier first monthly payment will go to interest

916.60 will go to interest the first month.

The monthly interest rate is found by calculating

(5.5/100)/12 = 0.004583

Multiplying this by the amount of principal, we have

200000*0.004583 = 916.60