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(1 point) A couple has decided to purchase a $200000 house using a down payment of $12000. They can amortize the balance at 9%
(1 point) A couple has decided to purchase a $200000 house using a down payment of $12000. They can amortize the balance at 9% over 25 years. a) What is their monthly payment? Payment $1527.34 = b) What is the total interest paid? Total interest paid $ = 276202.01 c) What is the equity after 5 years? Equity after 5 years = $ d) What is the equity after 20 years? Equity after 20 years =
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