finance

[zein]

.You have borrowed $70,000 to buy rental property. You plan to make monthly payments over a 15-year period. The bank has offered you a 9% interest rate compounded monthly. Calculate the principal paid to the bank in month two of the loan? Assume end-of-period payments.

[factor-fiction]

You've posted this question in 3 different places so you are unlikely to get a proper thread of answers
http://www.theanswerbank.co.uk/Business-and-Fi nance/Question763022.html