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a5650 month have signed a mortgage with your bank to finance your house. The mortgage requirements are as follows: 200,000 principal; 32 years maturity; constant

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a5650 month have signed a mortgage with your bank to finance your house. The mortgage requirements are as follows: 200,000 principal; 32 years maturity; constant monthly payments; 1% annual risk free rate. Using this data, find the constant quantity that has to be paid to the bank on a monthly basis. Note: you first monthly payment is due in one month. Im-(1.61)12-1=0.00829 I-CI t 6. OO6za -30 a. Between 401 and 475 b. Between 5970 and 5972 2000060-C c. Between 763 and 771 d. None of the above 0- 66629

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