In order to purchase a home, a family borrows $101,000 at

Last updated: 7/10/2022

In order to purchase a home, a family borrows $101,000 at 3.2% compounded monthly for 15 yrs. What is their monthly payment? Round the answer to the nearest cent CHEE A. $855.68 B. $707.24 C. $906.22 D. $270.27 E $6,877.87