The price of a home is $140,000. The bank requires a 15% down payment. The buyer is oflered two moitgage options. 15 year flxed at 7% or 30 year fixed at is. Calciate the amount of interest paid for each option. How much does the bryer save in triterest with the 15 -year option? Use the follosing formala fo ditermine the regitar payment anmount. PMT=[1(1+nr)nf]P(nr) Find the monthly payment for the 15 -year option. (Round to the nearest dollar as needed.)