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A B D E $300,000 12. 2 Mortgage amount 3 Payments per year 4 Term (years) Annual interest rate 1) Monthly payment amount ($) 2)

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A B D E $300,000 12. 2 Mortgage amount 3 Payments per year 4 Term (years) Annual interest rate 1) Monthly payment amount ($) 2) Total amount repaid over term (S) 3) Total interest paid over term ($) 5 6 7 8 9 10 25 20 30 25 10.0% 9.0% 9.5% 11.0% Which formula correctly calculates the total of all monthly payments on a 30-year, 9.5%, $300,000 mortgage as a positive value? Multiple Choice =PMT(B6/$B$3,46-$B$3.$B$21"(A6-$B$3) O O --PMT(B6/$B$3.46 $B$3.$B$2) A6-$B$3) =PMT(B8/$B$3.A8-$B$3.$B$2) A8-$B$3) O --PMT(B8/$B$3.48-$B$3.$B$21"(A8-$B$3)

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