Ms. Esperanto obtained a $40,000 hon1e equity loan at 4.5% compounded monthly. a. What will she pay

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Ms. Esperanto obtained a $40,000 hon1e equity loan at 4.5% compounded monthly.

a. What will she pay monthly if the amortization period is 15 years?

b. How much of the payment made at the end of the fifth year will go toward principal and how much will go toward interest?

c. What will be the balance on the loan after five years?

d. How much interest did she pay during the fifth year? 

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