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David and Debi Davidson have just signed a 30-year, 6% fixed rate mortgage for $460,000 to buy their house. Fin*d out this couple's monthly mortgage
David and Debi Davidson have just signed a 30-year, 6% fixed rate mortgage for $460,000 to buy their house. Fin*d out this couple's monthly mortgage payment; prepare a loan amortization schedule for Richardsons 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. (You may construct a loan amortization schedule, and show your calculations).
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