Question $2$

$6$ pts

The company is planning to purchase a new office building and will need to borrow $$750,000.$ The loan will be repaid over $20$ years and the bank is charging an interest rate of $7\%$ annually. What will the MONTHLY loan payments be$?$

$($Round to $2$ decimals$)$

$70794\mathrm{.}69$

$5899\mathrm{.}56$

$5814\mathrm{.}74$

$4956\mathrm{.}52$