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5. A couple bought a home for $155,000 by putting 10% down and financing the rest with a 30 mortgage with an annual rate of
5. A couple bought a home for $155,000 by putting 10% down and financing the rest with a 30 mortgage with an annual rate of 6.5% What were the monthly payments? 5 points After five years, how much was still owed on the loan? 5 points Over the same time, the value of the property had declined by 0.236 a month What was the value of the property after five years? 5 points How much was the equity? points What happened to the equity? 5 points
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