10, 2021 5. This year (5 years after you took out the loan for the...
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10, 2021 5. This year (5 years after you took out the loan for the house), you check your loan balance from #4B. Only part of your payments has been going to pay down the loan; the rest has been going towards paying interest. You see that you still have $143,415 left to pay on your loan. i. How much of the loan balance have you paid off? j. How much money have you paid to the loan company so far? k. How much interest have you paid so far? 1. How much equity do you have in your home (equity is value minus remaining debt), if your house is now valued at $200,000 (5 years later) Focus 10, 2021 5. This year (5 years after you took out the loan for the house), you check your loan balance from #4B. Only part of your payments has been going to pay down the loan; the rest has been going towards paying interest. You see that you still have $143,415 left to pay on your loan. i. How much of the loan balance have you paid off? j. How much money have you paid to the loan company so far? k. How much interest have you paid so far? 1. How much equity do you have in your home (equity is value minus remaining debt), if your house is now valued at $200,000 (5 years later) Focus
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