A person took a loan of $250,000 and has to pay it back in monthly payments for 30 years starting end of the first month at an interest rate of 6% compounded monthly. The monthly payment is; Click to open: o access the spreadsheet, click on the download icon next to the sheet title. A new tab will open next to the test tab and you an go back and forth between the sheet and test tabs. $8,995 $15,000 $18,162 $1,499