You are considering purchasing a new home. You will need to borrow

$ $200$ comma $000$$$200,000$

to purchase the home. A mortgage company offers you a

$2020-$year

fixed rate mortgage

$(240240$

$$months$)$ at

$12\%$ APR$12\%$APR

$(11\%$

$$month$).$ If you borrow the money from this mortgage$$ company, your monthly mortgage payment will be closest to$\_\_\_\_\_\_\_\_.$

Question content area bottom

Part $1$

A$.$$ $3$ comma $523$

$ $3$ comma $523$$$3,523$

B$.$$ $1$ comma $762$

$ $1$ comma $762$$$1,762$

C$.$$ $3$ comma $083$

$ $3$ comma $083$$$3,083$

D$.$$ $2$ comma $202$

$ $2$ comma $202$