A couple has decided to purchase a $170000 house using a down payment of $10000. They can amortize the balance at 10% ov

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A couple has decided to purchase a $170000 house using a down payment of $10000. They can amortize the balance at 10% ov

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A Couple Has Decided To Purchase A 170000 House Using A Down Payment Of 10000 They Can Amortize The Balance At 10 Ov 1
A Couple Has Decided To Purchase A 170000 House Using A Down Payment Of 10000 They Can Amortize The Balance At 10 Ov 1 (32.49 KiB) Viewed 80 times
A couple has decided to purchase a $170000 house using a down payment of $10000. They can amortize the balance at 10% over 30 years. a) What is their monthly payment? Answer = $ 1414.39 b) What is the total interest paid? Answer = $ 349180.39 c) What is the equity after 5 years? Answer = $ 35708.55 d) What is the equity after 25 years? Answer = $ 106416.04
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