32) Given the following information on a 30-year fixed-payment fully amortizing loan, determine the owner's equity...
32) Given the following information on a 30-year fixed-payment fully amortizing loan, determine the owner's equity in the property after seven years if the market value of the property is $240,000 at the end of year 7: rate: 7%; monthly payment: $1,200. use financial calculator
A) $15,967.33
B) $59,630.92
C) $75,598.25
D) $164,401.75
Answer: C
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