finance-A couple has decided to purchase a $160000 house
QUESTION
A couple has decided to purchase a $160000 house using a down payment of $14000. They can amortize the balance at 5% over 15 years.a) What is their monthly payment?b) What is the total interest paid?c) What is the equity after 5 years?d) What is the equity after 10 years?
ANSWER:
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