Question

You want to purchase a new condominium that costs $287,500. Your plan is to pay 25 percent down in cash and finance the balance over 15 years at 3.75 percent. What will be your monthly mortgage payment including principal and interest?
$1,568.07
$1,333.33
$1,708.16
$1,221.43
$1,406.11

Answer 1

I figured it out!

Answer 2

1333.33

Answer 3

1568