1) Karina has decided that she loves her city and her job, and she wants to settle in for the long term by buying a condo. She has found one that she loves and which is in her price range, and has negotiated a sale price of $179,000. Her credit union requires a 10% down payment. What is the dollar amount of Karina's down payment?

2)Once Karina makes her down payment, how much will she still owe for the house? This will be her loan amount.

3) Karina's credit union offers a 30 year fixed rate mortgage with a 5.75% APR and monthly payments. Use the PMT formula and the loan amount you calculated in the last problem to determine how much Karina's monthly payment will be.