Nazeem plans to buy an apartment. He has a monthly income of $8,000. Nazeem takes out a loan of $90,000 to buy the apartment. He gets a 10-year loan at a 6% interest rate.

How much should Nazeem pay every month for the next 10 years to pay off the loan?

• Nazeem will have to pay $1,111 every month.
• Nazeem will have to pay nearly $1,000 every month.
• Nazeem will have to pay nearly $111 every month.
• Nazeem will have to pay $450 every month.