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Please answer both parts C and D. C. With the mortgage paid off, the house is now worth $300,000. How much of this equity belongs
Please answer both parts C and D.
C. With the mortgage paid off, the house is now worth $300,000. How much of this equity belongs to you? D. Now assume you did not increase your monthly mortgage payments back in year 2 of the mortgage, and instead opened an ordinary annuity account that pays 3% annual interest and you made monthly payments there of $500 for 20 years. Use equation 2.13 , page 28 , to determine what that annuity asset is worth now after 20 years of deposits
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