Abe Aster Bought a New Split Level for $200,000

Multiple Choice

Abe Aster bought a new split level for $200,000. Abe put down 30%. Assuming a rate of 11 1/2% on a 30-year mortgage, Abe's monthly payment is (use the table in the handbook) :

A) $1,423.80
B) $1,387.40
C) $1,367.80
D) $1,982.00
E) None of these