You purchase a plot of land worth $52,000 to create a community garden. To do so, you secure a 20-year loan, charging 8.54% APR, compounded monthly, and requiring monthly payments of $365. Round each answer to the nearest dollar. a. Assuming that you put some money down, what wal your original loan amount? Original Loan Amount: $ 41936 b. What is the outstanding balance on your loan after making 10 years of payments? Outstanding Balance After 10 Years: $ c. How much equiry do you have in the garden after 10 years? Equity After 10 Years: $ 10063

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A: Amortized loan: It is a type of loan where the borrower would make the scheduled periodic payments.…

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A: Computation:

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A: Given:

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A:

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.