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Find the Monthly House Payment Necessary to Amortize the Following $184,000\$ 184,000

Question 166

Multiple Choice

Find the monthly house payment necessary to amortize the following loan.
-In order to purchase a home, a family borrows $184,000\$ 184,000 at 3.2%3.2 \% for 30yr30 \mathrm{yr} . What is their monthly payment? Round the answer to the nearest cent.


A) $6390.11\$ 6390.11
B) $795.74\$ 795.74
C) $490.67\$ 490.67
D) $1558.87\$ 1558.87

Correct Answer:

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