You just found the home of your dreams and you have negotiated a sale price of $750,000. You can get a 30 year loan from your local bank at a rate of 4.75% per year. Additionally, the bank requires you to put a 20% down payment, and they will finance the remaining balance. How much will your MONTHLY payment be? Reference the below formulas when solving the problem above: PV=FV/(1+r)tFVA=PMT(((1+r)t)1)/rPVA=PMT(((1(1+r)t)/r))FV=PV(1+r)tFVA=PMT((1+(r/12)t(12))1)/(r/12)PVA=PMT((1(1+(r/12))t(12)))/(r/12)