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You have just borrowed $250000 to buy a condo. You will repay the loan in equal monthly payments over the next 20 years. The monthly

You have just borrowed $250000 to buy a condo. You will repay the loan in equal monthly payments over the next 20 years. The monthly interest rate on the loan is 1.17 percent. What is the monthly payment on this mortgage?

		A) 3635.36
		B) 3731.22
		C) 2547.39
		D) 2725.83
		E) 3116.07

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