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The monthly mortgage payment on your house is $1765. It as a 30 year mortgage at a quoted rate of 3.95%. How much did you

The monthly mortgage payment on your house is $1765.

It as a 30 year mortgage at a quoted rate of 3.95%. How much did you borrow?

(Note: All Canadian mortgages are quoted as APR compounded semi-annually). Retain at least six places of a decimal in your calculation.

Select One:

$373,392.27

$371,941.31

$50,361.27

$1,747,823.11

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