Answer:
b. $1,006.47
Step-by-step explanation:
You want the monthly payment on a 30-year loan of $159,000 at 6.5%.
The row for an interest rate of 6.5% is the last row of the table.
The column for a 30-year loan is Column 4.
The value in the last row of column 4 is 6.33, which means the payment is 6.33 times the loan value in thousands.
The loan is for 159 thousands of dollars, so the monthly payment is ...
$159 × 6.33 = $1006.47
The monthly payment is $1006.47, choice b.