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[ 0 . 3 6 / 2 . 1 7 Points ] A young couple buying their first home borrow $ 8 5 , 0
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A young couple buying their first home borrow $ for years at compounded monthly, and make payments of $ After years, they are able to make a onetime payment of $ along with their th payment.
a Find the unpaid balance immediately after they pay the extra $ and their th payment. Round your answer to the nearest cent.
b How many regular payments of $ will amortize the unpaid balance from part a Give the answer to one decimal point.
payments
c How much will the remaining debt be after the number of full payment periods in part b is made? Round your answer to the nearest cent.
$
How much extra must be included with the last full payment to pay off the debt? Round your answer to the nearest cent. $
d How much will the couple pay over the life of the loan by paying the extra $Round your answer to the nearest cent. $
e How much will the couple save over the life of the loan by paying the extra $Use your answer from part b Round your answer to the nearest cent.
$
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