You plan to purchase a house for $120,000 using a 15-year fixed-rate mortgage obtained from your local bank. You will make a 20% down payment of the purchase price an borrow the rest from your bank. The bank offers you the following two payment. Option 1: Mortgage rate of 3 percent and zero points. Option 2: Mortgage rate of 2.75 percent and 2 points. A) What would be the monthly payment for each option? B) Which option should you choose? Why? Support your reason why