Answer:
$768.54 (Approximate)
Step-by-step explanation:
Trey is taking out a loan for $85000. It is a 20-year loan with an APR of 5.85%.
Therefore, if we consider the interest rate is simple interest, then using the simple interest formula, the sum will become after 20 years
dollars.
Therefore, the monthly payment for the loan will be dollars. (Answer)