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A couple has decided to purchase a $170000 house using a down payment of $12000. They can amortize the balance at 12% over 15 years.

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A couple has decided to purchase a $170000 house using a down payment of $12000. They can amortize the balance at 12% over 15 years. a) What is their monthly payment? Answer =$ b) What is the total interest paid? Answer =$ c) What is the equity after 5 years? Answer =$ d) What is the equity after 10 years? Answer =$

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