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(1 point) A couple has decided to purchase a $160000 house using a down payment of $20000. They can amortize the balance at 12%
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(1 point) A couple has decided to purchase a $160000 house using a down payment of $20000. They can amortize the balance at 12% over 30 years. a) What is their monthly payment? Payment $1440.06 = b) What is the total interest paid? Total interest paid $ 378421.6 c) What is the equity after 5 years? Equity after 5 years = $1 d) What is the equity after 25 years? $ Equity after 25 years =
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