point(s) possible Use PMT = to determine the regular payment amount, rounded to the nearest dollar. [ - (1 + = ] ] The price of a home is $250,000. The bank requires a 20% down payment. After the down payment, the balance is financed with a 20-year fixed-rate mortgage at 7%. Determine the monthly mortgage payment (excluding escrowed taxes and insurance) to the nearest dollar. O A. $1,701 O B. $2,051 O C. $1,551 OD. $1,431