It is now five years later,and Adrian has saved enough money for a 20 percent down payment on a house.He will have to borrow $135,000 in a 30-year loan with an annual interest rate of 6 percent compounded monthly.What will his monthly mortgage payment be?
A) $1,199.55
B) $809.39
C) $779.98
D) $397.50
Correct Answer:
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