Melanie and Stephen Jackson are purchasing their first house. The house costs $440,000. They have put a 10% down payment (that is, an amount that banks should require you to pay out-of-pocket), but will therefore finance the rest. They are considering a fixed rate 30-year mortgage at a 7.00% APR with monthly payments. How much will the Jacksons' first monthly payment be?

A) $2,634.60

B)$2,310.00

C)$2,659.35

D) $2,389.23

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