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Use the following information for the next 2 questions: Tony and Pepper are planning to buy a new house for $500,000. They can get approved

Use the following information for the next 2 questions:

Tony and Pepper are planning to buy a new house for $500,000. They can get approved for a 3.6% APR, 30-year mortgage. In an amortization schedule:

What is the amount of principal payment in their first monthly mortgage payment?

$963

$773

$790

$1,800

How much is the remaining principal balance after their second monthly mortgage payment?

$499,226.77

$498,450.54

$776.23

$490,538.12

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