Answer:
$1,955.86
Step-by-step explanation:
We have to use the MS Excel to solve this question
PV = -300000
FV = 0
I = 6.8%/12 = 0.5667%
N = 30*12 = 360
Monthly payment = PMT(-PV, FV, I, N)
Monthly payment = PMT(-300,000, 0, 0.5667%, 360)
Monthly payment = $1955.8555499
Monthly payment = $1,955.86
So, her monthly payment is $1,955.86.
