Seven years ago, lan purchased a $265,000 home with a 30-year mortgage at 3.5%. Having recently lost his job, he can no longer a
fford to make his mortgage payments. If he currently owes $ 225,368.29 and his lender offered to extend the loan by 7 years at 3.25%, what will be his new mortgage payment ? A.980.82
B.973.36
C.915.09
D.983.23
