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PA Use PMT= to determine the payment amount. Round to the nearest dollar. nt The price of a home is $270,000. The bank requires a
PA Use PMT= to determine the payment amount. Round to the nearest dollar. nt The price of a home is $270,000. The bank requires a 20% down payment and two points at the time of closing. The cost of the home is financed with a 30-year fixed-rate mortgage at 6.5%. a. Find the required down payment. b. Find the amount of the mortgage c. How much must be paid for the two points at closing? d. Find the total interest over 30 years, to the nearest dollar. O A. a. down payment: $54,000 b. amount of mortgage: $216,000 c. points paid at closing: $4,320 d. total interest over 30 years: $491,496 OC. a. down payment: $54,000 b. amount of mortgage: $216,000 c. points paid at closing: $5,400 d. total interest over 30 years: $221,496 OB. a. down payment: $54,000 b. amount of mortgage: $216,000 c. points paid at closing: $5,400 d. total interest over 30 years: $275,496 OD. a down payment: $54,000 b. amount of mortgage: $216,000 c. points paid at closing: $4,320 d. total interest over 30 years: $275,496
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