Consider a 30-year, fixed-rate mortgage for $120,000 at a nominal rate of 6% with monthly payments. If the borrower pays an additional $120 with each monthly payment, what will be the amount of the last monthly payment?   A. $839.46   B. $357.77   C. $843.66   D. $419.85   E. $355.99   F. $420.90   G. $418.81   H. $841.55

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A: Using excel PMT function

Q: What would the monthly payment be? It is a zero amortizing loan

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Q: Which of the following statements regarding a 20-year monthly payment amortized mortgage with a…

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