Finance monthly pmt & impound

41. The Barkers purchased a home for a total price of $80,000. They put up a down payment of 21.25% and obtained a 30 year amortized loan tor the balance that had an interest rate of 10.25% per annum. The lender required a monthly impound payment to cover the annual taxes of $800 and a 3 year insurance premium of $978. lithe amount applied to the principal on the first monthly payment was $119. the total monthly payment including the impound was most nearly: A. $657.00 B. $703.00 C. $751.00 D. $305.00