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You are buying a house for $ 2 9 0 , 0 0 0 . 0 0 with a downpayment of $ 2 9 ,
You are buying a house for $ with a downpayment of $ The loan will be paid back over years with monthly payments of $ If the interest rate is compounded monthly, what would the unpaid balance be immediately after the eleventh payment? What is the equity after the eleventh payment?
The unpaid balance would be $
The equity would be $
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