Question: D E 2 Mortgage amount 3 Payments per year $300,000 121 4 Term (years) Annual interest rate 1) Monthly payment amount ($) 2) Total amount

 D E 2 Mortgage amount 3 Payments per year $300,000 121

D E 2 Mortgage amount 3 Payments per year $300,000 121 4 Term (years) Annual interest rate 1) Monthly payment amount ($) 2) Total amount repaid over term ($) 3) Total interest paid over term ($) 5 6 7 8 9 10 25 20 30 25 10.0% 9.0% 9.5% 11.0% Which formula correctly calculates the total of all monthly payments on a 30-year, 9.5%, $300,000 mortgage as a positive value? Multiple Choice O =PMT(B6/$B$3.46 $B$3.$B$21" A6 $B$3) O. --PMT(B6/$B$3.46 $B$3.$B$2) A6-$B$3) O =PMT(B8/$B$3.A&-$B$3.$B$21-A8-$B$3) --PMT(BB/$B$3.48-$B$3.$B$21"/A8-$B$3)

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