Question

Chris bought a home for $225,000, putting down 20%. The mortgage is at 6 1/2% for 30 years. Determine his monthly payment

A. 1,139.40
B. 1,319.04
C. 1,216.80
D. 1,319.40.

I keep getting 1137.72 however that is not one of my choices.

Can someone please help me solve this?

Answer 1

I agree with you. Sometimes answer keys are wrong, or there is a typo in the problem.

Answer 2

I also get 1137.72