Question: Use PMT = - to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $330,000. The bank requires

 Use PMT = - to determine the regular payment amount, rounded

Use PMT = - to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $330,000. 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. $2,180 O B. $2,030 O C. $1,910 O D. $2,530

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