I got 1097.50. I actually came up with 1098 which is above that answer but I'm not sure.
Wayne is buying a house for $205,000. He is financing $175,000 and obtained a 30-year, fixed-rate mortgage with a 6.425% interest rate. How much are his monthly payments?
$1,285.64
$936.48
$1,097.50
$1,517.23
