Use an Amortization Table to Solve the Problem

Short Answer

Use an amortization table to solve the problem. Round to the nearest cent.
-A home was purchased 14 years ago for $70,000. The home was financed by paying a 20% down payment and
signing a 25 year mortgage at 8.5% compounded monthly on the unpaid balance. The market value is now
$100,000. The owner wishes to sell the house. How much equity (to the nearest dollar) does the owner have in
the house after making 168 monthly payments?