Question: P Use PMT= to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $236,000. The bank requires a
P Use PMT= to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $236,000. The bank requires a 20% - down payment and these points at the time of cloning. The cost of the home is financed with a 30-year fixed-tuto mortgage at 8.5% Complete parts (a) through () below a. Find the required down payment. $ 47200 b. Find the amount of the mortgage
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