Franklin is buying his first house he is putting a $20000 down payment on the house but has to take out a mortgage for the remaining $170,000 of the purchase price. Franklins bank has offered him a standard 30 year old mortgage with a 5.7% nominal interest rate. what would Franklins monthly mortgage payment be?
A)944.02
B)923.01
C)986.68
D)1,008.33
E)997.48