Question: P Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $410,000. The bank requires

P Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $410,000. The bank requires a 5% down payment. After the down payment, the balance is financed with a 30-year fixed-rate mortgage at 8%. Determine the monthly mortgage payment (excluding escrowed taxes and insurance) to the nearest dollar. A. $2,738 O B. $3,008 O C. $3,358 O D. $2,858

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