Question: Jaclyn and Henry secured a $ 2 2 5 , 0 0 0 mortgage at 5 % annual interest for 2 0 years. This results

Jaclyn and Henry secured a $225,000 mortgage at 5% annual interest for 20 years. This results inva monthly
payment of $1,484.90 and the interest paid in month one is $937.50. They begin month two with a
balance of $224,452.60 leading to interest in month two of $935.22.
How much less interest is paid in moth two compared to month one?
 Jaclyn and Henry secured a $225,000 mortgage at 5% annual interest

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