(1 point) Mr. and Mrs. Dunn have just purchased a $120000 condo and made a down payment of $11000. They can amortize the balance at 10% compounded monthly over 15 years. a) What are the monthly payments? Answer = $ 1171.31 b) How much interest will be paid over the term of the loan? Answer = $ 101835.80 c) What is their equity after 5 years (i.e. the difference between the price of the home and the balance still owing)? Answer = $ 64871.86 d) What is their equity after 10 years? Answer = $ 31365.61 NOTE: For this question, do not round the payment