A couple has decided to purchase a $140000 house using a down payment of $20000. They can amortize the balance at 9% over 20 years.
A couple has decided to purchase a $140000 house using a down payment of $20000. They can amortize the balance at 9% over 20 years.
a) What is their monthly payment? Answer = $
b) What is the total interest paid? Answer = $
c) What is the equity after 5 years? Answer = $
d) What is the equity after 15 years? Answer = $
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Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
