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The price of a condominium is 89 000 The bank requires a 5 down payment and one point at the time of closing The cost

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The price of a condominium is 89 000 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 9 Use the following formula to determine the regular payment amount Complete parts a through e below FA PMT C a Find the required down payment

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