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

Group of answer choices

$916.98

$973.22

$1066.58

$1184.73