The cost to purchase the house the Bainters are considering is $195,000, but the Bainters plan to make a $40,000 down payment. The Bainters have been approved for a fixed-rate, 30- year mortgage with a 4.2% annual interest rate for the remaining costs. What is the correct equation to determine the monthly payments of the loan? M=155,000(0.042)12[1(1 0.04212)(12)(30)] M=195,000(0.042)30[1(1 0.04230)(30)(12)] M=40,000(0.042)30[1(1 0.04230)(30)(12)] M=195,000(0.042)12[1(1 0.04212)(12)(30)]