Question: HW20: Problem 2 Previous Problem Problem List Results for this submission Entered Answer Preview 792.49 792.49 114747.22 114747.22 24600 24600 At least one of the

 HW20: Problem 2 Previous Problem Problem List Results for this submission

HW20: Problem 2 Previous Problem Problem List Results for this submission Entered Answer Preview 792.49 792.49 114747.22 114747.22 24600 24600 At least one of the answers above is NOT correct. 1 of the questions remains unanswered. (1 point) A couple has decided to purchase a $140000 house using a down payment of $17000. They can amortize the balance at 6% over 25 years. a) What is their monthly payment? Answer $792.49 b) What is the total interest paid? Answer $114747.22 c) What is the equity after 5 years? Answer = $| d) What is the equity after 20 years? Answer = $ Next Problem Result correct correct incorrect incorrect

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