Business, 27.07.2020 01:01, krisandlance

Mathew bought a home for $245,000 using a 20% down payment. He obtained a 30-year fixed-rate mortgage at six percent (6%)for the remainder of the funds. His monthly principal and interest payment is $1175.12. What will the principal balance on the mortgage be after the second payment is made?

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Mathew bought a home for $245,000 using a 20% down payment. He obtained a 30-year fixed-rate mortgag...