(1 point) A couple has decided to purchase a $130000 house using a down payment of $10000. They can amortize the balance at 5% over 25 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 20 years? Answer = $ (1 point) Fifteen years ago a couple purchased a house for $220,000.00 by paying a 20% down payment and financing the remaining balance with a 30-year mortgage at 4.24% compounded monthly. (a) Find the monthly payment for this loan. Monthly Payment: $ (b) Find the balance of the loan after 13 years and after 14 years. Let n be how many payments are left on the loan. After 13 years After 14 years n = n= Loan Balance: $ Loan Balance: $ (c) Find the total amount of interest paid by the couple during the 14th year. Interest Paid During 14th year: $