What is the monthly payment on a 48-month loan for $28,000 with 2% interest? Amortization formula: A = P ⋅ r ( 1 + r ) n ( 1 + r ) n − 1 $585 $608 $618 $625

Margaret is purchasing a house for $210,000 with a 15 year fixed rate mortgage at 4.75% interest she has made a 5% down payment the house is valued at 205,000 and the local tax rate is 3.5% homeowners insurance 600 per year what are her total monthly payment