Robert and Rebecca Richardson have just signed a 15-year, 6% fixed rate mortgage for $460,000 to...

Robert and Rebecca Richardson have just signed a 15-year, 6% fixed rate mortgage for $460,000 to buy their house. Find out this couple's monthly mortgage payment; prepare a loan amortization schedule for Richardson’s for the first 2 months; find out how much of their payments applied to interest; and after 2 payments, how much of their principal will be reduced. (You may construct a loan amortization schedule, and show your calculations).

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 1 year ago

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