Find the monthly payment needed to pay off the principal and interest for the following fixed-rate mortgage. Round your answers to the nearest cent.
Loan Amount$149,400Interest Rate7%Term15 years

A. monthly payment = $1,337.42;
interest = $91,335.60
B. monthly payment = $1,342.85;
interest = $241,713.00
C. monthly payment = $1,342.85;
interest = $92,313.00
D. monthly payment = $1,337.42;
interest = $92,313.00
E. monthly payment = $1,350.49;
interest = $241,713.00

Answer: C

Computer Science & Information Technology

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