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You purchase a plot of land worth $00,000 to create a community garden, by securing a 20-year loan charging 9.61% APR, compounded monthly and requiring

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You purchase a plot of land worth $00,000 to create a community garden, by securing a 20-year loan charging 9.61% APR, compounded monthly and requiring monthly payments of $465. Round all answers to the nearest dollar. 3. 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 9 years of payments? Outstanding Balance After 9 Years: $ How much equity do you have in the garden after years! Equity After 0 Years: 5

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