It is now five years later, and Adrian has saved enough money for a 20 percent down payment on a house. He will have to borrow $135,000 in a 30-year loan with an annual interest rate of 6 percent compounded monthly

What will his monthly mortgage payment be?
A) $1,199.55
B) $809.39
C) $779.98
D) $397.50

Answer: B