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16. A couple has been making regular monthly payments of $1,345.73 for 6 years on a 20-year amortized loan at 4.375% interest compounded monthly.

16. A couple has been making regular monthly payments of $1,345.73 for 6 years on a 20-year amortized loan at 4.375% interest compounded monthly. How much equity does the couple have in the house if they purchased the house for $235,000? Choose the numeric value that most closely approximates the answer:

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