Is this correct?

3. The Turners have purchased a house for $150.000. They made an initial down payment of $40.0c2 The loan is a mortgage with interest charged at the rate of 8%/year to be amortized over 30 yr. What will be their equity after 10 years? (Hint: determine how in compounded monthly on the unpaid balance. The loan is payments need to be first.) (a) $96,497.17 (b) $13,502.83 $53,502.83 (d) $136,497.17 (e) None of these Fv Pu talas C 64477 5000607.17 S35