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Please answer the following and show work. A couple has decided to purchase a $250,000 house...

Please answer the following and show work. A couple has decided to purchase a $250,000 house using a down payment of $20,000. They can amortize the balance at 6% for 25 years.

(a) What is their monthly payment?

(b) What is the total interest paid?

(c) What is their equity after 5 years?

(d) What is the equity after 20 years?

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