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Mike buys a cottage by paying $20,000 down and financing the remaining $100,000 through a mortgage at j12 = 6% with monthly payments of $716.43

Mike buys a cottage by paying $20,000 down and financing the remaining $100,000 through a mortgage at j12 = 6% with monthly payments of $716.43 for 20 years. What is the buyer's equity after 10 years of purchase (round to the integer)

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