Question 20) (6 points) You want to purchase an S 850.000,00 house. Suppose you will pay a down payment of 15 percent in cash and finance the balance. The loan term requires monthly payments for 30 years at an APR of 3.75 percent. What is the amount of each monthly mortgage payment? (consider Equal Monthly Payments) House value Down Payment Value Financed Annual Percent Rate (APR) Number of Years Number of Payments per year $850,000.00 $127,500.00 $722,500.00 3.75% 30 12 0.45 360 Monthly Payments