The price of a condominium is 172,000. The bank requires a 5% downpayment and one point at the time of closing. The cost of the condominum is financed with a 30-year-rate mortgage at 7%. Use the following formula to determine the regular payment amount. Parts a-e

PMT= -nt 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.) 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.)