Question: You are considering purchasing a new home. You will need to borrow $300,000 to purchase the home. A mortgage company offers you a 15-year fixed

You are considering purchasing a new home. You will need to borrow $300,000 to purchase the home. A mortgage company offers you a 15-year fixed rate mortgage (180 months) at 6% APR (0.5% month). If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to:

A. $2,026

B. $2,532

C. $4,051

D. $3,545

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