Question 1175398

You want to buy a 221,000 home. You plan to pay a 15% down payment, and take out a 30 year loan for the rest.
What will the monthly payments be if the interest rate is 6%?
What will the monthly payments be if the interest rate is 7%? 
<pre><b><u>Correct answers:</b></u> {{{highlight_green(matrix(2,4, "$1,126.26", "@", "6%", interest, "$1,249.77", "@", "6%", interest))}}}