please show work

QUESTION 24 Ben Thenking wants to borrow $300,000 to buy a house. He plans to live there for exactly 5 years before selling the house, repaying the lender the balance and moving. Ben is considering a 30 year fully amortizing fixed rate mortgage with monthly payments. The banker shows Ben three loan options: (1) A loan with a 5% annual interest rate which requires Ben to pay 2 points up front, (2) the same terms as (1), but the loan principal is increased so Ben can borrow the points, or (3) no points, 5.25% annual interest 30 year fully amortizing fixed rate mortgage with monthly payments. (A) What is the monthly mortgage loan payment for each of the 3 options? TT T Arial 3 (12pt) TE Path: P Words:0