Question: Use PMT to determine the regular payment amount rounded to the nearest dollar. The price of a small cabin is $45.000 The bank requires a

 Use PMT to determine the regular payment amount rounded to the

Use PMT to determine the regular payment amount rounded to the nearest dollar. The price of a small cabin is $45.000 The bank requires a 5% 1- down payment. The buyer is offered two mortgage options 20-year fixed at 10% or 30 year fired at 10% Calculate the amount of forest paid for each option. How much does the buyer save in interest with the 20-year option? Find the mostly payment for the 20 year option Flound to the nearest doar as needed)

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