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Mr. and Mrs. Ostedt have just purchased a 400,000 dollars home and made a 25% down...

Mr. and Mrs. Ostedt have just purchased a 400,000 dollars home and made a 25% down payment. The balance can be amortized at 7% for 25 years. The interest is compounded monthly.

(a) What are the monthly payments?

dollars [Round your answer to 2 decimal places.]

(b) How much interest will be paid?

dollars [Round your answer to the nearest dollar.]

(c) What is their equity after 5 years?

dollars [Round your answer to 2 decimal places.]

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