HW20: Problem 5 Previous Problem Problem List Next Problem (1 point) A couple has decided to purchase a $90000 house using a down payment of $19000. They can amortize the balance at 7% 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? Answer = $ Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining