Answer:
~1467
Step-by-step explanation:
$200,000 x 8.5% or .085 = $17,000 Annualy
$17,000 / 12 Months out of the year = $1466 2/3 Monthly Payments
Answer is $1467 Rounded
The monthly interest payment is $1,467.
Given that,
Based on the above information, the calculation is as follows:
[tex]= (\$200,000 \times 8.5\%) \div 12[/tex]
= $1,467
Therefore we can conclude that the monthly interest payment is $1,467.
Learn more: brainly.com/question/13324776
