Ti Use PMT to determine the regular payment amount, rounded to the nearest dollar. The price of a small cabin is 570,000. The bank requires a 5% down payment. The buyer is offered two mortgage options: 20-year faced at 8% or 30-year fixed at 8% much does the buyer save in interest with the 20-year option? Calculate the amount of interest paid for each option. How at nat Find the monthly payment for the 20-year option $ 556 (Round to the nearest dollar as needed) Find the monthly payment for the 30-year option $ 488 (Round to the nearest dollar as needed.) Calculate the total cost of interest for both mortgage options How much does the buyer save in interest with the 20-year option? $ 3520 (Use the answers from parts 1 and 2 to find this answer) tond