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A couple has decided to purchase a 130000 house using a

A couple has decided to purchase a $130000 house using a down payment of $14000. They can amortize the balance at 7% over 30 years.

a) What is their monthly payment?

Answer = $ ???

b) What is the total interest paid?

Answer = $ ???

c) What is the remaining principal on the loan after 5 years?

Answer = $ ???

d) What is the remaining principal on the loan after 25 years?

Answer = $ ???

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Finance Basics: A couple has decided to purchase a 130000 house using a

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