You want to buy a $130,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 3.6% interest for the rest. The bank will charge 1.5 points on the amount financed. a) What is the...

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Extracted text: You want to buy a $130,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 3.6% interest for the rest. The bank will charge 1.5 points on the amount financed. a) What is the amount of the down payment? b) How much is the loan amount going to be? c) What will be the amount charged for 1.5 points? *1 point is 1 % of the mortgage amount d) Find the anmount of the monthly payment. (Do not add the cost of the points to the loan amount) Hint: click here