Question: (4 points) A couple has decided to purchase a $90000 house using a down payment of $10000. They can amortize the balance at 8% over

(4 points) A couple has decided to purchase a $90000 house

(4 points) A couple has decided to purchase a $90000 house using a down payment of $10000. They can amortize the balance at 8% over 30 years. a) What is their monthly payment? Answer = $ b) What is the total interest paid? Answer = $ c) What is the equity after 5 years? Answer = $ d) What is the equity after 25 years? Answer = $

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