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(4 points) A couple has decided to purchase a $100000 house using a down payment of $17000. They can amortize the balance at 9% over

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(4 points) A couple has decided to purchase a $100000 house using a down payment of $17000. They can amortize the balance at 9% over 20 years. a) What is their monthly payment? Answer = $ b) What is the total interest paid? Answer = $ c) What is the equity after 5 years? Answer = $ d) What is the equity after 15 years? Answer = $ Note: You can earn partial credit on this

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