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What is your monthly payment for loan a

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Reference no: EM131428322

You are buying your first home and need to get a loan for $200,000. Compare these two options:

Loan A: a 30-year loan with APR of 4.2%

Loan B: a 20-year loan with an APR of 3.9%

(a) What is your monthly payment for Loan A?

Note: Please DO NOT include dollar sign ($) with your answer, and do not worry about the extra zeros canvas enters after you enter your answer.

Reference no: EM131428322

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