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Suppose you want to buy a house today that costs $391709. The bank requires you to make a 20% down payment, but you can borrow

Suppose you want to buy a house today that costs $391709. The bank requires you to make a 20% down payment, but you can borrow the rest. If you charged 9.61% APR and the mortgage is for 30 years, what is your monthly payment? image text in transcribed
Suppose you want to buy a house today that costs $391709. The bank requires you to make a 20% down payment, but you can borrow the rest. If you are charged 9.61% APR and the mortgage is for 30 years, what is your monthly payment

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