Determine what is the equity after 15 years

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Reference no: EM13329339

A couple has decided to purchase a $120000 house using a down payment of $18000. They can amortize the balance at 10% over 20 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 15 years?

Reference no: EM13329339

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