You want to buy a house that costs $320,000. You will make a down payment equal to 20 percent of the price of the house and finance the remainder with a loan that has an interest rate of 475 percent compounded monthly. If the loan is for 30 years, what are your monthly mortgage payments? Multiple Choice $1,548.21 $1,413.64 $1,335.42 $1,425.34 $1,474.49