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The price of a condominium is $143.000 The bank requires a 5% down payment and one point at the time of closing The cost of

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The price of a condominium is $143.000 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 (o) below PMT= a. Find the required down payment b. Find the amount of the mortgago $ c. How much must be paid for the one point at closing? so (Round to the nearest dollar as needed) d. Find the monthly payment (excluding escrowed taxes and insurance) (Round to the nearest dollar as needed) .. Find the total cost of interest over 30 years Enter your answer in each of the answer boxes

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