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Question 2 2 pts Wally Bee purchased a new home for $800,000 with a $180,000 down payment. He financed the remainder with a 3% mortgage
Question 2 2 pts Wally Bee purchased a new home for $800,000 with a $180,000 down payment. He financed the remainder with a 3% mortgage for 30 years resulting in a $2613.92 monthly payment. Prepare a two month amortization schedule. (Round interest factor to 4 decimals) What is the principal reduction for month 2? Month Loan Balance Payment Interest Principal 0 1 2 $916.98 O $973.22 $1066.58 O $1184.73
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