\( \definecolor{colordef}{RGB}{249,49,84} \definecolor{colorprop}{RGB}{18,102,241} \)
Suppose Amir takes out a loan of \(\dollar 200\,000\) to buy a house. The loan has an interest rate of \(3.9\pourcent\) per annum, compounded monthly, and he agrees to repay the loan over 20 years.
Calculate the periodic (monthly) payment Amir needs to make using the TVM solver on your calculator.
dollars (round to the nearest integer)