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Use PMT to determine the regular payment amount rounded to the nearest dollar In terms...

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Use PMT to determine the regular payment amount rounded to the nearest dollar In terms of 1 paying less in interest which is more economical for a 170 000 mortgage a 30 year fixed rate at 8 or a 20 year fixed rate at 7 5 How much is saved in interest www Select the correct choice below and fill in the answer box within your choice Do not round until the final answer Then round to the nearest thousand dollars OA The 30 year 8 loan is more economical The buyer will save approximately OB The 20 year 7 5 loan is more economical The buyer will save approximately in interest in interest

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