Question: Please SHOW work for the following answer: You found your dream house. It will cost you $175,000 and you will put down $35,000 as a

Please SHOW work for the following answer:

You found your dream house. It will cost you $175,000 and you will put down $35,000 as a down payment. For the rest you get a 30-year 6.25% mortgage. What will be your monthly mortgage payment (assume no early repayment)?

a. $729

b. $862

c. $389

d. $605

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