You want to buy a $200,000 home. You plan to pay 10% as a down payment and take out a 30-year loan for the rest.

(a) How much is the loan amount going to be? =$
180,000.

Correct: Your answer is correct.


(b) What will your monthly payment be if the interest rate is 5%? =$

Incorrect: Your answer is incorrect.


(c) What will your monthly payment be if the interest rate is 6%? =$