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You purch ase a plot of land worth $58,000 to create a community garden. To do so, you secure a 10 -year loany, charging 5.33%

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You purch ase a plot of land worth $58,000 to create a community garden. To do so, you secure a 10 -year loany, charging 5.33% APR, compounded monthly, and requiring monthly poyments of 5505 . (Assume the value of the land is sta 558,000 . Round each answer to the nearest dollar.) (a) Assuming that yeu pot some money soan, what was your onighal loan amount (in dollars)? 5. x (b) What is the outstanding bolance (in dollars) on your ioan after making 4 years of payments? x (c) How much equity (in dollars) de you hove in the garden after 4 years? x

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