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...

Extracted text: 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.