a)

b)

You have taken a loan of $53,000.00 for 27 years at 5.8% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) Balance Payment number Payment amount Principal Amount Interest 0) $53,000.00 1) $ $ $ $ 2) $ $ $ 3) $ A young executive is going to purchase a vacation property for investment purposes. She needs to borrow $107,000.00 for 29 years at 6.2% compounded monthly, and will make monthly payments of $663.19. (Round all answers to 2 decimal places.) What is the unpaid balance after 14 months? $ During this time period, how much interest did she pay? $