Wally Bee purchased a new home for $800,000 with a $180,000 down payment. He financed the remainder

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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.

Fill the two-month amortization schedule.

What is the interest portion for month 2?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 10, 2023 04:11 AM

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Wally Bee purchased a new home for $800,000 with a $180,000 down payment. He financed the remainder

Question:

Month 0 1 2 Loan Balance Payment Interest Principal Month 0 1 2 Loan Balance Payment Interest Principal

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