Jonathan and Marty Boman purchased a home for $113,400. As first-time homeowners, the bank only requires a 5 percent down payment. The rest is financed at 6.5 percent for 30 years. What is the amount of their monthly payment?
A.
$680.85
B.
$754.11
C.
$923.00
D.
$723.40

Q: Jonathan and Marty Boman purchased a home for $113,400. As first-time homeowners, the bank only requires a 5 percent down payment. The rest is financed at 6.5 percent for 30 years. What is the amount

of their monthly payment?
A.
$680.85
B.
$754.11
C.
$923.00
D.
$723.40

Jonathan and Marty Boman purchased a home for $113,400. As first-time homeowners, the bank only requires a 5 percent down payment. The rest is financed at 6.5 percent for 30 years. What is the amount of their monthly payment? A. $680.85 B. $754.11 C. $923.00 D. $723.40

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