question 8

The next three questions refer to this information You have just bought a new house and gotten an adjustable-rate mortgage. The mortgage interest rate adjusts at the second anniversary. The mortgage is $300,000, 8% rate, and 30 years. What is the monthly payment during the first two years? Question 8 0/2 pts How much is owed at the end of the second year? Copied from the prior: You have just bought a new house and gotten an adjustablerate mortgage. The mortgage interest rate adjusts at the second anniversary. The mortgage is $300,000,8% rate, and 30 years