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You have 3 attempts remaining You purchase a plot of land worth $77,000 to create a community garden, by securing a 20-year loan charging 9.41%
You have 3 attempts remaining You purchase a plot of land worth $77,000 to create a community garden, by securing a 20-year loan charging 9.41% APR. compounded monthly, and requiring monthly payments of 525. Round all answers to the nearest dollar. a. Assuming that you put some money down. what was your original loan amount Original Loan Amount: $ b. What is the outstanding balance on your loan after making 8 years of payments? Outstanding Balance After 8 Years $ c. How much equity do you have in the garden after 8 years? Equity After 8 Years $ BOM Submit
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
