The purchase of a house requires a $350,000 mortgage to be repaid in monthly installments for four years at 12% interest compounded monthly. If the general inflation rate is 6% compounded monthly, find constant dollar value of the 20th payment. O a) Between $3,400 and $3,700 Ob) Between $11,800 and $12,100 O c) Between $6,100 and $6,400 O d) Between $5,800 and $6,100 Oe) None of the answers are correct Of) Between $8,200 and $8,500