The price of a condominium is $119,000. 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 8.5%. Use the following formula to determine the regular payment amount. Complete parts (a) through (e) below PMT a. Find the required down payment b. Find the amount of the mortgage $ c. How much must be paid for the one point at closing? (Round to the nearest dollar as needed) Enter your answer in each of the answer boxes. The price of a condominium is $119,000. The bark 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 8.5%. Use the following formula to determine the regular payment amount. Complete parts (a) through (e) below. a. Find the required down payment. b. Find the amount of the mortgage c. How much must be paid for the one point at closing? (Round to the nearest dollar as needed)