Mathematics, 11.12.2019 06:31 19thomasar

The price of a condominium is $172 comma 000. the bank requires a 5% down payment and one point at the time of closing. the cost of the condominium is financed with a 30-year fixed-rate mortgage at 10%. use the following formula to determine the regular payment amount. complete parts (a) through (c) below. p- pmt = a. find the required down payment. $ b. find the amount of the mortgage. su c. how much must be paid for the one point at closing? $ (round to the nearest dollar as needed.) d. find the monthly payment (excluding escrowed taxes and insurance), $ (round to the nearest dollar as needed.) e. find the total cost of interest over 30 years. $ (round to the nearest dollar as needed.)

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