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Suppose you want to buy a house that costs $790,000. You are required to put 10% down, which means the amount to be borrowed is

Suppose you want to buy a house that costs $790,000. You are required to put 10% down, which means the amount to be borrowed is 90% of the value of the house. If you want a 30-year mortgage, and the borrowing rate is 7% APR, what would be your monthly payment? (Answer to the nearest penny) Selected Answer: Correct 4,730.30 0.01

Please help I cant get this answer. Please simplify. I have tried numerous times to get this answer!

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