will we owe more or less than $200,000 (half the original loan amount)?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 10P
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Suppose we borrow $400,000 for a new home being paid over 30 years in equal monthly installments at a rate of 3.24% APR compounded monthly.  After 15 years (half the life of the loan), will we owe more or less than $200,000 (half the original loan amount)? 

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