You purchase a plot of land worth $96,000 to create a community garden. To do so, you secure a 20-year loan, charging 5.68% APR, compounded monthly, and requiring monthly payments of $525. Round each answer to the nearest dollar. a. Assuming that you put some money down, what was your original loan amount? Original Loan Amount: $ P b. What is the outstanding balance on your loan after making 8 years of payments? Outstanding Balance After 8 Years: $ c. How much equity do you have in the garden after 8 years? Equity After 8 Years: $ Submit