Use the Table to Estimate the Monthly Payment for the Loan

Multiple Choice

Use the table to estimate the monthly payment for the loan. $47,500; 20 years; 8% ">$\text { cellpadding="0" cellspacing="0" align }=\text { "center" width }=" 99 \% \text { " border }=" 1 ">$

$\text { Monthly Cost to Finance } \$ 1,000$

A) $668.80
B) $397.10
C) $3,176.80
D) $1,600.00
E) $31.77