Find the monthly house payment necessary to amortize the following loan. In order to purchase a home, a family borrows $40,000 at 11% for 15 yr. What is their monthly payment? A) $24.44 B) $491.79 C) $454.64 D) $366.67 Solve the problem. Green Thumb landscaping wants to build a $112,000 greenhouse in 2 years. The company sets up a sinking fund with payments made quarterly. Find the payment into this fund if the money earns 12% compounded quarterly. A) $12, 595.11 B) $5902.40 C) $7891.52 D) $11, 024.16