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You are considering purchasing a new home. You will need to borrow $250,000 to purchase the home. A mortgage company offers you a 15-year fixed

You are considering purchasing a new home. You will need to borrow $250,000 to purchase the home. A mortgage company offers you a 15-year fixed rate mortgage (180 months) at 5% APR. If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to:

Group of answer choices

$12,501.91

$1,726.45

$2,4085.57

$1,976.98

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