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2. Robert and Rebecca Richardson have just signed a 30-year mortgage with 6% fixed interest rate mortgage for $260,000 to buy their house. Find out

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2. Robert and Rebecca Richardson have just signed a 30-year mortgage with 6% fixed interest rate mortgage for $260,000 to buy their house. Find out this couple's monthly mortgage payment by preparing a loan amortization schedule for the Richardson's for the first 2 months; find out how much of their payments applied to interest, and after 2 payments, how much of their principal will be reduced. Construct a loan amortization schedule and show your calculations. (4 points)

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