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You are buying your first home and need to get a loan for

You are buying your first home and need to get a loan for $200,000. Compare these two options:

Loan A: a 30-year loan with APR of 4.2%

Loan B: a 20-year loan with an APR of 3.9%

(a) What is your monthly payment for Loan A?

Note: Please DO NOT include dollar sign ($) with your answer, and do not worry about the extra zeros canvas enters after you enter your answer.

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Mathematics: You are buying your first home and need to get a loan for

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Mathematics: You are buying your first home and need to get a loan for

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