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You purchase a plot of land worth $58,000 to create a community garden. To do 50 , you securo a 10-year loan, charging 5.11% APR,

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You purchase a plot of land worth $58,000 to create a community garden. To do 50 , you securo a 10-year loan, charging 5.11% APR, compounded monthly. and requiriny monthly payments of \$505, (Assume the value of the land is stilt 558,000 . Round each answer to the nearest dollat) (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 payrneats? (c) How much equity (io doliars) do you have in the gaiden after 4 years

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