What will be the value of the house in ten years

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Say that you purchase a house for $296,000 by getting a mortgage for $260,000 and paying a $36,000 down payment. If you get a 30-year mortgage with a 6 percent interest rate, what are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.) PMT $ 1 774.67 What would the loan balance be in ten years? (Round the payment amount to the nearest cent but do not round any other interim calculations. Round your final answer to 2 decimal places.) PVA $ If the house appreciates at 2 percent per year, what will be the value of the house in ten years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) FV $ How much of this value is your equity? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Equity $

Reference no: EM131879578

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