Question: You purchase a cottage for $ 1 7 0 , 0 0 0 . You obtain a 3 0 - year, fixed rate mortgage loan

You purchase a cottage for $170,000. You obtain a 30-year, fixed rate mortgage loan at 11.5% after paying a down payment of 30%. Of the second month's mortgage
payment, how much is interest and how much is applied to the principal? (Round your answers to the nearest cent.)
interest
$
applied to the principal $
You purchase a cottage for $170,000. You obtain a 30-year, fixed

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