The Ahmeds purchase a house for $$180000$ by making a $30\%$ down payment and borrowing the rest. They will make monthly payments for $10$ years at $7\mathrm{.}2\%$ compounded monthly.

After $7$ years, they still owe $$97164($rounded to the nearest dollar$).$ How much equity do they have in the house if the housels now worth $$220000?$

$$122836$

$$79954\mathrm{.}8$

$$72864\mathrm{.}36$

$$59113\mathrm{.}79$

$$132302\mathrm{.}69$

Previaus