You want to purchase a new condominium that costs $365,000. Your loan plan is to pay 20 percent down in cash and finance the balance over 15 years at 4.5 percent. What will be your monthly mortgage payment including principal and interest?

a. $1,936.24

b. $2,088.59

c. $2,467.45

d. $2,233.78

e. $2,358.39

You want to purchase a new condorninium that costs $365,000. Your plan is to pay 20 percent down in cash and finance the balance over 15 years at 4.5 percent What will be your monthly mortgage payment including principal and interest? Multiple Choice $1,936.24 $2088.59 $2,467.45