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18. DETAILS HARMATHAP12 6.5.025. MY NOTES A couple who borrow $70,000 for 20 years at 7:2, compounded monthly, must make monthly payments of $551

18. DETAILS HARMATHAP12 6.5.025. MY NOTES A couple who borrow $70,000 for 20 years at 7:2, compounded monthly, must make monthly payments of $551 14. (Round your answers to the nearest cere.) (a) Find their unpaid balance after 1 year $ (b) During that first year, how much interest do they pay?

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