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(1 point) A couple has decided to purchase a $150000 house using a down payment of $14000. They can amortize the balance at 11%
(1 point) A couple has decided to purchase a $150000 house using a down payment of $14000. They can amortize the balance at 11% over 30 years. a) What is their monthly payment? Payment = $ 1295.20 b) What is the total interest paid? Total interest paid = $ 330272.33 c) What is the equity after 5 years? Equity after 5 years = $ 132099.982 d) What is the equity after 25 years? Equity after 25 years = $
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