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.A couple buys a piece of land worth $200,000 by paying $50,000 deposit and then taking a loan out for $150,000. The loan will be

.A couple buys a piece of land worth $200,000 by paying $50,000 deposit and then taking a loan out for $150,000. The loan will be repaid with quarterly payments over 15 years at j4 = 8% p.a. Determine the couples (buyers) equity at the end of 8 years. A. $190,848.25 B. $150,000.00 C. $91,832.84 D. $282,681.09 E. $108,167.16

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