Question: A couple has decided to purchase a $200000 house using a down payment of $15000. They can amortize the balanxe at 10% over 25 years.

A couple has decided to purchase a $200000 house using a down payment of $15000. They can amortize the balanxe at 10% over 25 years.
What is their monthly payment?
What is the total interest paid?
What is the equity after 5 years?
What is the equity after 20 years?

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