Question: This year (10 years after you first took out the loan), you check your loan balance. Only part of your payments have been going to

This year (10 years after you first took out the loan), you check your loan balance. Only part of your payments have been going to pay down the loan; the rest has been going towards interest. You see that you still have $86,848 left to pay on your loan. Your house is now valued at $170,000.

check your loan balance. Only part of your payments have been going

I think they are connected from number 5 to 12.

I need answer 11 and 12

Question 5. Points: 0 out of 1 possible. This year (10 years after you first took out the loan), you check your loan balance. Only part of your payments have been going to pay down the loan; the rest has been going towards interest. You see that you still have $86,848 left to pay on your loan. Your house is now valued at $170,000 Your current situation How much of the original loan have you paid off (i.e, how much have you reduced the loan balance by? Keep in mind that interest is charged each month it's not part of the loan balance.) $12,152.00 Preview Show Answer x Question 6. Points: 0 out of 1 possible. How much money have you paid to the loan company so far (over the last 10 years)? S97.94 Note: the down payment is not included here, as it is paid directly to the seller * Preview Show Answer Question 7.Points: 1 out of 1 possible. How much interest have you paid so far (over the last 10 years)? $75,019 Preview Show Answer Question 8.Points: 1 out of 1 possible. How much equity do you have in your home (equity is value minus remaining debt) Preview Show

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