pmt

l6 to determine the regular payment amount. rounded to the Use PMT = " n [1 - [1 + L] l n nearest dollar. The price of a home is $188,000. The bank requires a 20% down payment and three pomts at the time of closing. The cost of the home is nanced with a 30-year xed-rate mortgage at 9%. Complete parts (a) through (e) below. M a. Find the required down payment. $ 37.600 b. Find the amount of the mortgage. $ 150,400 c. How much must be paid for the three points at Closing? $ 4,512 (Round to the nearest dollar as needed.) monthly payment (excluding e-scrowed taxes and insurance). d. Find the $0 (Round to the nearest dollar as needed.)