Question: A couple has decided to purchase a $ 1 3 0 0 0 0 house using a down payment of $ 2 0 0 0

A couple has decided to purchase a $130000 house using a down payment of $20000. 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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