Question $5(1$ point$)$

Five years ago you borrowed $$70,000$ to finance the parchase of a boese. The annual interest rate on the mortgage is $6\%.$ Payment terms are being made moently to amortize the loan over $15$ years, and the first payment is made at the end of the first moent.

$(1)$What is the monthly payment on the loan?

$$675\mathrm{.}09$

$5716\mathrm{.}43$

SEOT $50$

$$590\mathrm{.}70$