Question $1$

Consider a $30-$year fixed$-$rate mortgage for $$150,000$ with an interest rate of $4\%.$ What is the monthly payment $($consider a $30$ year fixed rate mortage for $$150,000$ withab interest rate of $4\%$ what us the montlyh payments $($principal and interest$)$ on this loan?

$$449\mathrm{.}66$

$$899\mathrm{.}33$

$$716\mathrm{.}12$

$$475\mathrm{.}11$

$$599\mathrm{.}55$