Kaylee is looking to take out a mortgage for $260, 000 from

Last updated: 7/19/2022

Kaylee is looking to take out a mortgage for $260, 000 from a bank offering an annual interest rate of 5.7%, compounded monthly. Using the formula below, determine her monthly payment, to the nearest dollar, if the loan is taken over 10 years. M = Pr(1+r)"/(1+r)" - 1