Question: i need help with this problem. (4 points) A couple has decided to purchase a $200000 house using a down payment of $16000. They can

i need help with this problem.

(4 points) A couple has decided to purchase a $200000 house using a down payment of $16000. They can amortize the balance at 6% over 20 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 15 years? Answer = $ 11

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