Suppose you purchase a house for $200,000.00 by getting a mortgage for $180,000.00 and paying a $20,000.00 down payment. ~ a) If you get a 30-year mortgage with a 7% interest rate pa. calculated on monthly rest basis, what are the monthly payments? b) What would the loan balance be at the end of 10 years? c) If the house appreciates at 3% per year, what will be the value of the house in 10 years? d) How much of this value is your equity? (The amount of equity is the difference between the home's value and the outstanding balance on the mortgage)