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Complete parts A.- E. Thank you! A home was purchased in the year 2000 for $80,000 and was financed by paying a 20% down payment

Complete parts A.- E. Thank you! image text in transcribed
A home was purchased in the year 2000 for $80,000 and was financed by paying a 20% down payment and signing a 25 year mortgage at 3.24% compounded monthly on the unpaid balance. The market value 14 years later was $100,000, (ANSWER FORMAT: Do NOT enter $ sign, commas nor% sign for I have already included them. Write values to nearest cent even if it is rounded to nearest dollar. Examples: 1234.56, 1234.00) A) How much was the down payment? SM (Do NOT enter Ssign - It's already included.) B) How much was originally financed? S[W] (Do NOT enter Ssign - it's already included.) C) How much was the family's monthly payment? $(x) (Do NOT enter Ssign - It's already included. Round payment to the nearest cent.) D) After 14 years of monthly payments, what is the payoff amount of the loan (round to nearest dollar)? $ (Do NOT enter $ sign. It's already included.) How much equity did the family build up over the 14 years of payments (round to the nearest dollar)? [] (Do NOT anters sign - It's already included.)

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