Use PMT PA to determine the regular payment amount rounded

Last updated: 10/13/2023

Use PMT PA to determine the regular payment amount rounded to the nearest dollar The price of a home is 206 000 The bank requires a 20 down payment and three points at the time of closing The cost of the home is financed with a 30 year fixed rate mortgage at 7 Complete parts a through e below a Find the required down payment 41200 b Find the amount of the mortgage 164800 c How much must be paid for the three points at closing Round to the nearest dollar as needed