A couple bought a home for $150,000 by putting 10% down and financing the rest with a 30 year mortgage with an annual rate of 6%.

What were the monthly payments? 5 points

After six years, how much was still owed on the loan? 5 points

Over the same time, the value of the property had increased by 0.2% a month.

What was the value of the property after six years? 5 points

How much was the equity? 5 points

If the property was sold after the six years, what would be the monthly return on this investment? 10 points