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please double check that my answers are correct and solve D. and E. please and thanks The price of a condominium is $92,000. The bank

image text in transcribedplease double check that my answers are correct and solve D. and E. please and thanks
The price of a condominium is $92,000. 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 PMT - 1 - a. Find the required down payment 4600 b. Find the amount of the mortgage 5/87400 c. How much must be paid for the one point at closing? $ 874 (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) Enter your answer in each of the answer boxes. P Pearson

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