Question: A couple has decided to purchase a $200000 house using a down payment of $17000. They can amortize the balance at 10% over 15

A couple has decided to purchase a $200000 house using a down

A couple has decided to purchase a $200000 house using a down payment of $17000. They can amortize the balance at 10% over 15 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 10 years?

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