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use PMT Points: 0 of 1 Save The price of a condominium is $177,000. The bank requires a 5% down payment and one point at

use PMT

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Points: 0 of 1 Save The price of a condominium is $177,000. 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%. Use the following formula to determine the regular payment amount. Complete parts (a) through (e) below P PMT = a. Find the required down payment

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