PLAN Use PMT nt to determine the regular payment amount rounded to the nearest dollar. The price of a small cabin is $55,000 The bank requires a 5% down payment. The buyer is offered two mortgage options 20-year foxed at 8.5% or 30 year foxed at 8.5% Calculate the amount of interest paid for each option How much does the buyer save in interest with the 20-year option? Find the monthly payment for the 20-year option (Round to the nearest dollar as needed.)