K P n [₁-(₁-1)] home is $196,000. 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 9%. Complete parts (a) through (e) below. Use PMT= nt] to determine the regular payment amount, rounded to the nearest dollar. The price of a a. Find the required down payment. $ ... Help

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