Keven and Lauren are buying their first home. The home costs $150,000. They have qualified for a 30-year loan at 4% interest. They saved their money and were able to put 20% down payment on the home. About how much is their monthly Principal and Interest payment (PI)?

		$888
		$716
		$573
		$400

Amortizing a loan means:

	a.	you make regular payments and pay down the principal and interest due until the loan is paid off
	b.	you make interest payments only every month
	c.	it is an add on loan
	d.	you love your loan