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In 2017, a $980,000 apartment was financed by making a 20% down payment and signing a 20-year mortgage at 6% annual interest compounded monthly for
In 2017, a $980,000 apartment was financed by making a 20% down payment and signing a 20-year mortgage at 6% annual interest compounded monthly for the unpaid balance. The market value of this apartment in 2022 is $1,300,000, find the Equity of this apartment.
Handwriting but not excel is appreciated! Thank you
| A. | $ 534610 | |
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| B. | $ 634387 |
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| C. | $ 756069 |
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| D. | $ 534387 |
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