> Question 8 2.5 pts You arrange a mortgage from the Pinder Bank of Australia. The amount you borrow is $760,000 with payments required on a monthly basis over the next 25 years with the first payment required one month from today. The interest rate quoted by the bank is 10% p.a. compounding monthly. Which of the following is closest to the monthly payment required by the bank? $7,057 $6,906 Need more information to answer the question $6,088 $8,005