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HW20: Problem 2 Previous Problem Problern List Next Problem (1 point) A couple has decided to purchase a $160000 hout using a down payment of

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HW20: Problem 2 Previous Problem Problern List Next Problem (1 point) A couple has decided to purchase a $160000 hout using a down payment of $11000, They can amortize the balance at 5% over 25 years. a) What is their monthly payment? Answer = $ b) What is the total interest paid? Answers c) What is the equity after 5 years? Answers d) What is the equity after 20 years? Answers

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