The cost to purchase the house that Bainters are considering is $195,000, but the Bainters plan to make a $40,000 down payment. The Bainters have been approved for a fixed-rate, 30- year mortgage with a 4.2% annual interest rate for the remaining costs. What is the monthly payment for the loan? a. $141.53 b. $689.96 c. $953.58 d. $757.98