You purchase a plot of land worth $52,000 to create a community garden. To do so,...

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You purchase a plot of land worth $52,000 to create a community garden. To do so, you secure a 10-year loan, charging 5.22% APR, compounded monthly, and requiring monthly payments of $505. (Assume the value of the land is still $52,000. Round each answer to the nearest dollar.) (a) Assuming that you put some money down, what was your original loan amount (in dollars)? $35755 X (b) What is the outstanding balance (in dollars) on your loan after making 4 years of payments? $21834 X (c) How much equity (in dollars) do you have in the garden after 4 years? $30166 X You purchase a plot of land worth $52,000 to create a community garden. To do so, you secure a 10-year loan, charging 5.22% APR, compounded monthly, and requiring monthly payments of $505. (Assume the value of the land is still $52,000. Round each answer to the nearest dollar.) (a) Assuming that you put some money down, what was your original loan amount (in dollars)? $35755 X (b) What is the outstanding balance (in dollars) on your loan after making 4 years of payments? $21834 X (c) How much equity (in dollars) do you have in the garden after 4 years? $30166 X