Arizona State University FIN FIN300 Wally Bee purchased a new home for $700,000 with a $180,000 down payment. He financed the remainder with a 3% mortgage for 30 years resulting in a
He financed the remainder with a 3% mortgage for 30 years resulting in a $2192.32 monthly payment.
Prepare a two month amortization schedule. (Round interest factor to 4 decimals) What is the principal reduction for month 2?
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