suppose that $10$ years ago you bought a home for $120,000$ paying $10\%$ of the down payment and financing rest at $8\%$ interest for $30$ yearsThis year you check your loan balance only part of your payments have been going to pay down the loan the rest has been going towards interest you see that you still have $$94,743$ left to pay on your loan your house is now valued at $$160,000$ how much interest have you paid so far over the last $10$ years? how much Equity do you have in your home