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mash [69]
3 years ago
14

Use PMT equals StartFraction Upper P (StartFraction r Over n EndFraction )Over [1 minus (1 plus StartFraction r Over n EndFracti

on )Superscript negative nt ]EndFraction to determine the regular payment​ amount, rounded to the nearest dollar. The price of a home is ​$195 comma 000. The bank requires a​ 20% down payment and three points at the time of closing. The cost of the home is financed with a​ 30-year fixed-rate mortgage at 10​%. Complete parts​ (a) through​ (e) below. a. Find the required down payment. ​$ 39,000 b. Find the amount of the mortgage. ​$ nothing
Mathematics
1 answer:
Zigmanuir [339]3 years ago
8 0

Answer:

I think it’s best to ask your teacher

Step-by-step explanation:

Sorry I needed the points

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