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6. A couple bought a house for $200,000 with 5% down and a 30 year mortgage with an interest rate of 6% a year. What

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6. A couple bought a house for $200,000 with 5% down and a 30 year mortgage with an interest rate of 6% a year. What were the monthly payments? 5 points How much interest will be paid on the loan over the first 5 years of the loan? 5 points How much interest will be paid on the loan over the last 5 years of the loan? 5 points Why the difference in the two amounts? 5 points The house depreciated at a rate of -0.2% a month. What will be its value 7 years after it was purchased? 5 points How much equity will there be at the end of the 7 years? 5 points Explain what happened. 5 points 4. Use the following financial information to answer the questions that follow: Walmart Costco Sales $523.96 Billion $158.35 Billion Net Income $14.88 Billion $3.78 Billion Total Debt $73.13 Billion $8.78 Billion Return on Assets 5.9% 6.7% Dividend payout ratio 50.7% 30.5%

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