using the inforwation below. 5. Suppose you are buying your first house for $350,000.00 and are making a 20% down payment. You have arranged to finance the remaining amount with a 30 -year monthly payment amortized mortgage at a 5.75% nominal interest rate. What will your monthly payments be?
a. $1,634.00 b. $1,900.88 c. $1,255.93 d. $1,962.70 c. $2,024.02