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You are pre - arranging a mortgage from a bank. The mortgage amount is $ 1 1 5 , 0 0 0 and the bank

You are pre-arranging a mortgage from a bank. The mortgage amount is $115,000 and the bank quoted you a 5-year term with an interest rate of 3.3%. You will amortize the repayment schedule over 35 years. The monthly payment will be closest to:
Select one:
a. $460.58
b. $481.06
C. $493.63
d. $1,069.14
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