Question: (1 point) A couple has decided to purchase a $200000 house using a down payment of $19000. They can amortize the balance at 7% over

(1 point) A couple has decided to purchase a $200000 house

(1 point) A couple has decided to purchase a $200000 house using a down payment of $19000. They can amortize the balance at 7% over 25 years. a) What is their monthly payment? Payment =$ b) What is the total interest paid? Total interest paid =$ c) What is the equity after 5 years? Equity after 5 years =$ d) What is the equity after 20 years? Equity after 20 years =$

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