The price of a condominium is $180,000.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 years fixed rate mortgage at 8%.Find the following:

A)The required down payment.

B)The amount of the mortgage,

C)How much must be paid for the one point at closing?

D)Find the monthly payment(excluding escrow taxes and insurance)