Question: Question 12 Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $300,000. The bank

Question 12

Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $300,000. The bank requires a 20% down payment. After the down payment, the balance is financed with a 30-year fixed-rate mortgage at 8.5% Determine the monthly mortgage payment (excluding escrowed taxes and insurance) to the nearest dollar. O A. $2,345 O B. $1,995 O C. $1,725 O D. $1,845

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