Solve the problem.
The Montgomerys borrowed $88,000 at 7
% for 30 years to purchase a house. Find the monthly payment and the sum of the principal and interest charges.
A. $645.92, $232,531.20
B. $585.20, $210,672.00
C. $650.32, $234,115.20
D. $616.00, $221,760.00
Answer: D
Mathematics
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