On January 1, 20X1, Lee Altamura borrowed 700000 under a mortgage note payable contract. The annual interest rate on this mortgage is 6% compounded monthly. This is a 30-year, fully amortizing monthly mortgage. The monthly payments are 4169.85 and are due at the end of each month, starting on January 31, 20X1. On February 28, 20X1, Lee decided to pay an extra 4000 on the mortgage so the total payment on that date was 8196.85 Lee made the regular 4169.85 on January 31, 20X1. What amount of the February 28, 20X1 payment of 8196.85 will be applied to the principal balance of the loan? Note the February payment is the second monthly payment. Also note that an extra 4000 was pain on that day