Business, 16.10.2019 04:30 shimmerandshine1

You’ve decided to buy a house that is valued at $1 million. you have $350,000 to use as a down payment on the house, and want to take out a mortgage for the remainder of the purchase price. your bank has approved your $650,000 mortgage, and is offering a standard 30-year mortgage at a 10% fixed nominal interest rate (called the loan’s annual percentage rate or apr). under this loan proposal, your mortgage payment will be per month

(a) $7,130.03
(b) $8,841.23
(c) $5,704.02
(d) $7,700.43

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