-4 points TanFin12 5.3.027 My Notes Ask Your Teacher The Taylors have purchased a $200,000 house. They made an initial down payment of $40,000 and secured a mortgage wilth interest charged at the rate of 6%/year on the unpaid balance. Interest computations are made at the end of each month. If the loan is to be amortized over 30 years, what monthly payment will the Taylors be required to make? (Round your answer to the nearest cent.) What is their equity (disregarding appreciation) after 5 years? After 10 years? After 20 years? (Round your answers to the nearest cent.) 5 years 10 years $ 20 years Need Help? Read Submit Answer Save Progress Practice Another Version Submit Assignment Save Assignment Progress Home My Assignments Extension Reques