Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $160,000. The bank requires a 20% - nt 1- 1+ 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 9.5%. Complete parts (a) through (e) below. ..... a. Find the required down payment.

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Q: Use PMT to determine the regular payment amount, rounded to the nearest cent. The cost of a home is…

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