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You purchase a plot of land worth $ 5 4 , 0 0 0 to create a community garden. To do so , you secure

You purchase a plot of land worth $54,000 to create a community garden. To do so, you secure a 10-year loan, charging 5.66% APR, compounded monthly, and requiring monthly payments of $505.(Assume the value of the land is still $54,000. Round each answer to the nearest dollar.)
(a)Assuming that you put some money down, what was your original loan amount (in dollars)?
$
(b)What is the outstanding balance (in dollars) on your loan after making 4 years of payments?
$
(c)How much equity (in dollars) do you have in the garden after 4 years?
$

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