You purchase a plot of land worth $52,000 to create a community garden. To do so, you secure a 10-year loan, charging 5.33% APR, compounded monthly, and requiring monthly payments of $505. (Assume the value of the land is still $52,000. 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?

$

Wou purchase a plot of land worth $52,000 to crebte a community gardeo, To do so, vou secure a 10 wear ioan, charging 5 . 3396 ApR, tompounded monthy, end requiring monthly payments of t505. (Assume the value of the land is s2.1 $52,000, Round coch answer to the nemrest dollar) (a) Assuming that yeu dut some money dewn, whist was your oripinat lasn amount (in doliors)? (b) What is the cursanding cuance (h dollwh) on your loan after making 4 years of pavmenta? (c) Now much equity (in dokarn) do you have in the garden after a yean