24 L earch Question 8, 8.7.3 Part 1 of 3 Use PMT = HW Score: 57.33%, 8.6 of 15 points > Points: 0 Save of 1 P ( -nt to determine the regular payment amount, rounded to the nearest dollar. The price of a small cabin is $50,000. The bank requires a 5% down payment. The buyer is offered two mortgage options: 20-year fixed at 7% or 30-year fixed at 7%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 20-year option? Find the monthly payment for the 20-year option. $ (Round to the nearest dollar as needed.) Clear all Check answer music C I U